New Chairman

Artemis Alpha Trust PLC
25 September 2003


ARTEMIS ALPHA TRUST PLC (the 'Company')

Appointment of new Chairman


The Board of the Company announces the appointment of Mr Simon Miller as the
Company's new non-executive Chairman with effect from today. Mr Miller, 
currently chairman of Dunedin Capital Partners, takes over from Mr Peter 
Metcalfe, who will continue to act as a non-executive director of the Company.


Contact for enquiries:

Mark Tyndall/John Dodd

Artemis Investment Management Limited

Tel: [phone]


25 SEPTEMBER 2003


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