Net Asset Value(s)

Artemis Alpha Trust PLC
04 March 2008

ARTEMIS ALPHA TRUST PLC (the 'Company')

As at close of business on 3 March 2008, the Net Asset Value ('NAV') per

ordinary 1p share of the Company was as follows:



Diluted NAV per share: 245.73 pence

Undiluted NAV per share: 270.96 pence

Included in the above is the uplift resulting from the Directors' having
revalued the Company's investment in the holding company of the Company's
manager, Artemis Asset Management Limited ('Artemis'), in order to take into
account changes to the agreements between the shareholders of Artemis (including
ABN AMRO Asset Management) triggered by the change of control of ABN AMRO Asset
Management.

For further information please contact:



Mark Tyndall - Artemis Investment Management Limited

John Dodd - Artemis Investment Management Limited

Telephone: [phone]



4 MARCH 2008




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