Net Asset Value(s)

Artemis Alpha Trust PLC
04 October 2005

ARTEMIS ALPHA TRUST PLC (the 'Company')

As at close of business on 3 October 2005, the Net Asset Value ('NAV') per

ordinary 1p share of the Company was as follows:



Undiluted NAV per share: 200.44 pence

Diluted NAV per share: 186.79 pence



4 OCTOBER 2005








                      This information is provided by RNS
            The company news service from the London Stock Exchange