Top Ten Holdings

Artemis Alpha Trust PLC
02 November 2007

ARTEMIS ALPHA TRUST PLC (the 'Company')

TEN LARGEST INVESTMENTS



In accordance with Listing Rule 15.6.8R (2), the Company announces that at 31
October 2007,

the ten largest investments in its portfolio were as follows:

Company                                                  Percentage of gross
                                                                      assets
ARTEMIS INV MGMT                                               5.22
ARICOM ORD                                                     4.95
SALAMANDER ENERGY                                              4.38
VOSTOK ENERGY COM                                              3.36
REVUS ENERGY                                                   3.33
REA HLDGS 7.5% NTS                                             2.86
REDHALL GROUP                                                  2.71
GEIGER COUNTER GBP NPV                                         2.68
GEOPARK HOLDINGS COM                                           2.67
EXPRO INTERNATIONAL GROUP                                      2.65


For further information, please contact:

Billy Aitken

Tel: [phone]
Artemis Investment Management Limited



2 NOVEMBER 2007






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