Net Asset Value(s)

Artemis Alpha Trust PLC
31 December 2007

ARTEMIS ALPHA TRUST PLC (the 'Company')

As at close of business on 28 December 2007, the Net Asset Value ('NAV') per

ordinary 1p share of the Company was as follows:



Diluted NAV per share: 223.38 pence

Undiluted NAV per share: 243.80 pence



31 DECEMBER 2007




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