Transaction in Own Shares

Artemis Alpha Trust PLC
10 January 2008

Artemis Alpha Trust plc

Transaction in own shares

The Company has today made a market purchase of 100,000 of its own ordinary
shares of 1p, representing 0.3% of the issued share capital.  The shares were 
bought at 219.50p per share and the Company intends to hold these shares in 
treasury.  These shares will only be re-issued at prices which are in excess of 
the diluted net asset value of the Company's shares immediately before such 
re-issue.

Following this purchase, there are 33,033,488 ordinary shares in issue and
325,000 ordinary shares held in treasury.

Artemis Investment Management Limited,
Secretary

10 JANUARY 2008


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