Net Asset Value(s)

Artemis Alpha Trust PLC
02 May 2008

ARTEMIS ALPHA TRUST PLC (the 'Company')

As at close of business on 1 May 2008, the Net Asset Value ('NAV') per

ordinary 1p share of the Company was as follows:



Diluted NAV per share: 248.09 pence

Undiluted NAV per share: 273.90 pence



2 MAY 2008




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