To:                          RNS

LEI:                         213800Z7ABM7RLQ41516

From:                    Personal Assets Trust plc

Date:                     29 July 2022

Share Split and Total Voting Rights

Further to the announcement on 27 July 2022 and in advance of the proposed subdivision of its Ordinary shares on a 100 for one basis (the "Share Split") which will take effect from 1 August 2022, Personal Assets Trust plc (the "Company") announces it currently has in issue 3,809,554 Ordinary shares of £12.50 each in the capital of the Company (the "Existing Ordinary shares") and no shares are held in Treasury. 

On this basis and in accordance with the Financial Conduct Authority's Disclosure Guidance and Transparency Rules, following the completion of the Share Split, the Company will have 380,955,400 Ordinary shares of 12.5 pence each in the capital of the Company (the "New Ordinary shares") in issue.

The New Ordinary shares will have a new ISIN and SEDOL, as follows:

ISIN: GB00BM8B5H06

SEDOL: BM8B5H0

Application has been made for the admission of the New Ordinary shares to the Official List of the Financial Conduct Authority and to trading on the main market of the London Stock Exchange and to amend the Company's existing block listing facility (the "Admission Applications"). The Admission Applications included the 446,312 Existing Ordinary shares remaining available for issue under the Company's current block listing facility. Upon the amendment of the block listing facility there will be 44,631,200 New Ordinary shares available for issue pursuant to the existing facility.

It is expected that the Share Split will become effective and that dealings in the New Ordinary shares will commence at 8.00am on Monday, 1 August 2022. The last day of dealing in the Existing Ordinary shares will be Friday, 29 July 2022, with the record date for the Share Split being 6.00pm on that day (the "Record Date"). CREST accounts are expected to be credited with New Ordinary shares on Monday, 1 August 2022 and share certificates in respect of the New Ordinary shares are expected to be dispatched to shareholders no later than Monday, 15 August 2022.

The above figure (380,955,400) may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, under the Disclosure Guidance and Transparency Rules.

Dividend

For the avoidance of doubt, following the Share Split the second interim dividend of £1.40 per Existing Ordinary share announced on 15 July 2022 will now equate to 1.4 pence per New Ordinary share. The payment and record dates for the second interim dividend remain unchanged and the dividend will be paid on 7 October 2022 to shareholders on the register on 26 August 2022. The ex-dividend date will be 25 August 2022.

Juniper Partners Limited

Company Secretary

Enquiries: 0131 378 0500