Top Ten Holdings

Artemis Alpha Trust PLC
02 February 2007

ARTEMIS ALPHA TRUST PLC (the 'Company')

TEN LARGEST INVESTMENTS



In accordance with Listing Rule 15.4.11R(2), the Company announces that at 31
January 2007,

the ten largest investments in its portfolio were as follows:
Company                                                                          Percentage of gross
                                                                                              assets
ARTEMIS INVESTMENT MANAGEMENT                                                                   5.48
SALAMANDER ENERGY                                                                               4.72
REDHALL GROUP                                                                                   2.98
REVUS ENERGY                                                                                    2.77
URASIA ENERGY                                                                                   2.72
NEW STAR ASSET MANAGEMENT                                                                       2.55
PETROHUNTER ENERGY                                                                              2.53
EDINBURGH SMALL COMPANIES                                                                       2.43
GEIGER COUNTER                                                                                  2.39
GEOPARK HOLDINGS                                                                                2.29





BNP Paribas Secretarial Services Limited



2 February 2007






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