Result of EGM

Artemis Alpha Trust PLC
10 December 2003

ARTEMIS ALPHA TRUST PLC (the 'Company')

RESULT OF EXTRAORDINARY GENERAL MEETING

The Board of the Company is pleased to announce that both of the resolutions
proposed at the Extraordinary

General Meeting held today were duly passed. The meeting was convened to approve
the implementation of the placing and the open offer.



The results of the placing and the open offer and the Issue Price were announced
on 9 December 2003. It is expected that admission to listing of the new ordinary 
shares and commencement of dealings will take place on 15 December 2003.

A copy of the full text of the above resolutions has been submitted to the UK
Listing Authority ('UKLA') and will shortly be available for inspection at the 
UKLA's Document Viewing Facility, which is situated at:

Financial Services Authority
25 The North Colonnade
Canary Wharf
London E14 5HS

Tel: [phone]

Enquiries
Simon Miller     Chairman, Artemis Alpha Trust plc                 0131 718 2302
Mark Tyndall     Artemis Investment Management Limited             0131 225 7300

10 DECEMBER 2003


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