Director Shareholding

Artemis Alpha Trust PLC
17 December 2003

                                  SCHEDULE 11

NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS (1)

1. Name of company
ARTEMIS ALPHA TRUST PLC

2. Name of director
ANDREW JOHN GREENWELL

3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18 or in respect of a non-beneficial
interest
IN RESPECT OF DIRECTOR'S CHILDREN UNDER THE AGE OF 18 - BENEFICIAL INTEREST

4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified)
GILTSPUR NOMINEES LIMITED A/C BUNS

5. Please state whether notification relates to a person(s) connected with the
director named in 2 above and identify the connected person(s)
NO

6. Please state the nature of the transaction. For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary
ACQUISITION OF SHARES UNDER AN OPEN OFFER

7. Number of shares/amount of stock acquired
1,200 ORDINARY SHARES

8. Percentage of issued class
0.004%

9. Number of shares/amount of stock disposed
N/A

10. Percentage of issued class
N/A

11. Class of security
ORDINARY SHARES OF 1 PENNY EACH

12. Price per share
108.3 PENCE

13. Date of transaction
15 DECEMBER 2003

14. Date Company informed
16 DECEMBER 2003

15. Total holding following this notification
170,840 ORDINARY SHARES OF 1 PENNY EACH

16. Total percentage holding of issued class following this notification
0.558%

17. Any additional information
NONE


NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS (2)

1. Name of company
ARTEMIS ALPHA TRUST PLC

2. Name of director
CHARLES E W PEEL

3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18 or in respect of a non-beneficial
interest
IN RESPECT OF DIRECTOR NAMED IN 2 ABOVE - 183,380 SHARES (BENEFICIAL INTEREST)

IN RESPECT OF DIRECTOR'S SPOUSE - 183,379 SHARES (BENEFICIAL INTEREST)

4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified)
P.H. NOMINEES LIMITED

5. Please state whether notification relates to a person(s) connected with the
director named in 2 above and identify the connected person(s)
NO

6. Please state the nature of the transaction. For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary
ACQUISITION OF SHARES UNDER AN OPEN OFFER

7. Number of shares/amount of stock acquired
366,759

8. Percentage of issued class
1.199%

9. Number of shares/amount of stock disposed
N/A

10. Percentage of issued class
N/A

11. Class of security
ORDINARY SHARES OF 1 PENNY EACH

12. Price per share
108.3 PENCE

13. Date of transaction
15 DECEMBER 2003

14. Date Company informed
16 DECEMBER 2003

15. Total holding following this notification
1,126,759 ORDINARY SHARES OF 1 PENNY EACH

16. Total percentage holding of issued class following this notification
3.683%

17. Any additional information
NONE



NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS (1)

1. Name of company
ARTEMIS ALPHA TRUST PLC

2. Name of director
SIMON EDWARD CALLUM MILLER

3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18 or in respect of a non-beneficial
interest
IN RESPECT OF DIRECTOR'S CHILDREN UNDER THE AGE OF 18 - BENEFICIAL INTEREST

4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified)
n/a

5. Please state whether notification relates to a person(s) connected with the
director named in 2 above and identify the connected person(s)
NO

6. Please state the nature of the transaction. For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary
ACQUISITION OF SHARES UNDER AN OPEN OFFER

7. Number of shares/amount of stock acquired
7,873 ORDINARY SHARES

8. Percentage of issued class
0.0275

9. Number of shares/amount of stock disposed
N/A

10. Percentage of issued class
N/A

11. Class of security
ORDINARY SHARES OF 1 PENNY EACH

12. Price per share
108.3 PENCE

13. Date of transaction
15 DECEMBER 2003

14. Date Company informed
16 DECEMBER 2003

15. Total holding following this notification
7,873 ORDINARY SHARES OF 1 PENNY EACH

16. Total percentage holding of issued class following this notification
0.0257

17. Any additional information
NONE





18. Name of contact and telephone number for queries
LOUISE RICHARD - 020 7410 4942

19. Name and signature of authorised company official responsible for making
this notification
LOUISE RICHARD, FOR AND ON BEHALF OF BNP PARIBAS SECRETARIAL SERVICES LIMITED,
COMPANY SECRETARY TO ARTEMIS ALPHA TRUST PLC

Date of Notification
17 DECEMBER 2003






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