Share premium account

Artemis Alpha Trust PLC
17 November 2003


ARTEMIS ALPHA TRUST PLC (the 'Company')

Cancellation of share premium account

The Company announces that it has received notification from the Registrar of
Companies that the registration of the Court Order confirming the cancellation 
of the Company's £8,208,243.93 share premium account, as approved by 
shareholders at the Company's 2003 AGM, was completed on 13 November 2003.

BNP Paribas Secretarial Services Limited

Secretary



17 NOVEMBER 2003


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