Issue of Equity

RNS Number:9845L
Personal Assets Trust PLC
05 June 2003

To:          RNS
From:        Personal Assets Trust plc
Date:        5 June 2003


Issue of Equity

In response to requests from shareholders, the board of Personal Assets Trust
plc announces the number of shares issued during April/May 2003 :-

End of month              No of share in      Number of new shares      % of capital       Inflow of new
                                   issue  issued during the month *      represented             capital
April 2003                       559,925                    14,176             2.60%          #2,698,679
May 2003                         568,442                     8,517             1.52%          #1,666,794
                                                            22,693                            #4,365,473

* These shares have been issued under the company's various block listings.

There are 568,442 shares in issue as at 31st May 2003. This gives a market
capitalisation of #112.6m as at 31st May 2003, based on a closing mid-price of
#198.00.

For further details, please contact :-

Steven Budge, Personal Assets Trust plc               0131 225 9995

Gordon Hay Smith, ISIS Asset Management     plc       0131 465 1000






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