Top Ten Holdings

Artemis Alpha Trust PLC
02 November 2006


ARTEMIS ALPHA TRUST PLC (the 'Company')

TEN LARGEST INVESTMENTS


In accordance with Listing Rule 15.4.11R(2), the Company announces that at 31
October 2006,

the ten largest investments in its portfolio were as follows:
Company                                                                          Percentage of gross
                                                                                              assets

ARTEMIS INVESTMENT MANAGEMENT                                                                   5.58
PETROHUNTER ENERGY CORP                                                                         4.42
SALAMANDER ENERGY                                                                               3.83
MCCROFT TOBACCO HOLDINGS LOAN NOTE CERT 01/07/09 USD                                            3.25
REVUS ENERGY                                                                                    2.59
ONDINE BIOPHARMA                                                                                2.50
GEOPARK HOLDINGS                                                                                2.46
NEW STAR ASSET MANAGEMENT                                                                       2.34
REA HOLDINGS                                                                                    2.30
DOMESTIC & GENERAL GROUP                                                                        2.11



BNP Paribas Secretarial Services Limited


2 NOVEMBER 2006


                      This information is provided by RNS
            The company news service from the London Stock Exchange