Net Asset Value(s)

Artemis Alpha Trust PLC
09 May 2007

ARTEMIS ALPHA TRUST PLC (the 'Company')

As at close of business on 8 May 2007, the Net Asset Value ('NAV') per

ordinary 1p share of the Company was as follows:



Diluted NAV per share: 232.73 pence

Undiluted NAV per share: 255.02 pence



 9 May 2007








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