Net Asset Value(s)

Artemis Alpha Trust PLC
01 February 2008

ARTEMIS ALPHA TRUST PLC (the 'Company')

As at close of business on 31 January 2008, the Net Asset Value ('NAV') per

ordinary 1p share of the Company was as follows:



Diluted NAV per share: 212.72 pence

Undiluted NAV per share: 231.17 pence



1 FEBRUARY 2008




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