Net Asset Value(s)

Artemis Alpha Trust PLC
22 February 2007

ARTEMIS ALPHA TRUST PLC (the 'Company')

As at close of business on 21 February, the Net Asset Value ('NAV') per

ordinary 1p share of the Company was as follows:



Diluted NAV per share: 230.86 pence

Undiluted NAV per share: 252.78 pence



22 FEBRUARY 2007








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