AGM Statement

Artisan (UK) PLC
06 November 2007


                                ARTISAN (UK) PLC

                                 AGM STATEMENT

At the Annual General Meeting of Artisan (UK) plc, the business park developer
and housebuilder, Chairman Michael Stevens made the following statement:

'Since our June period end, the Group has made solid progress. In particular,
our commercial developments company, Artisan (UK) Developments, is enjoying a
very satisfactory level of interest in forward sale and let opportunities,
particularly at its two new sites in Kings Lynn and Ipswich.'

'I am delighted to announce today that we have contracted the forward sale of a
self store unit at our Ipswich site. This is a substantial 80,000 square feet
building on a 20,000 square feet floor plan which, subject to planning
permission, will commence construction in spring 2008.'

'Rippon Homes, the Group's East Midlands based house building subsidiary, is
still finding that each sale is hard won, in line with the experience of
housebuilders in other parts of the UK. The number of potential purchasers
visiting our sites, and sales reservations made, has varied widely over the
period. It is still too early to discern a clear pattern, since success for the
current year will depend on the key residential seasons - this Autumn and Spring
2008 - generating sufficient sales.'

'The acquisition of new sites, both as replacement stock and new outlets, is key
to the Group's growth, and much effort is directed towards this by both
divisions. Whilst land with a planning permission remains in short supply, we
have continued to purchase land successfully, and we are tendering for more land
as sales income progresses.'

'We found sales of commercial units a little slow coming out of the summer, but
this is counterbalanced by very good progress on our forward commercial sales
objectives for the current year. Whilst we expect trading, particularly
residential, to be weighted towards the latter part of the current year, your
Board is confident that a good result can be achieved for the year as a whole.
However these remarks are made with the caveat that the group cannot avoid
general market conditions, and I remain concerned that the financial
consequences of the difficulties in the sub prime sector could further impact
the wider economy.'

All the ordinary and special resolutions put to the AGM were duly passed.

Artisan (UK) plc

Chris Musselle                        Chief Executive               01480 436666
                                                         [e-mail]

Brewin Dolphin Securities Limited     Nominated advisers           0845 270 8613

Andrew Kitchingman

Bankside Consultants                  Financial PR advisers        020 7367 8888

Simon Rothschild                                                    07703 167065

Louise Mason

Company website: www.artisan-plc.co.uk


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