Transaction in Own Shares

Artemis Alpha Trust PLC
15 February 2008



Artemis Alpha Trust plc

Transaction in own shares


The Company has today made a market purchase of 75,000 of its own ordinary
shares of 1p, representing 0.23% of the issued share capital.  The shares were
bought at 206.75p 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 32,793,488 ordinary shares in issue and
565,000 ordinary shares held in treasury.



Artemis Investment Management Limited,
Secretary

15 FEBRUARY 2008




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