Final Results

Artisan (UK) PLC
18 July 2000


ARTISAN (UK) plc
(AIM)
(Property developer and building contractor)

PRELIMINARY RESULTS FOR THE YEAR TO 31 MARCH 2000

HIGHLIGHTS 


Group Turnover up 53%  to £34,821,517   (£28,348,720 for 15 months to 31.3.99)
Profit before tax up 250% to  £4,131,596 (£1,474,721 for 15 months to 31.3.99)
Earnings per share up 108% to 2.16p           (1.30p for 15 months to 31.3.99)
Shareholders' funds up 884% to  £17,934,806            (£1,822,759 at 31.3.99)
Net asset value per share up over 200% to 7.23p   (2.40p per share at 31.3.99)

Key points: 

Year of unprecedented growth; 
Increased dividend of  0.3p per share resulting in a final dividend of  0.5p
(0.35p 1999);
Special interim dividend planned in Envesta plc (formerly Bickerton) shares;
Bickerton businesses fully integrated within Artisan Group. Value of 'cash
shell' a bonus; 
Group remains fully committed to core activities of contracting and property
development.


Commenting on the results, Artisan's Chairman Stephen Dean said: 

'Over the last year, Artisan has enjoyed a period of strong organic growth
aided by a series of successful acquisitions.  Remaining committed to our core
activities of contracting and property development, we now have cash resources
in place to participate fully in the future development of the industry.  The
company's market capitalisation has increased ten times since last year and,
based on the current trading outlook, I am confident that the current year
will also show a satisfactory outcome.'

Enquiries:

Artisan (UK) plc                                                  01480 436666
Stephen Dean, Chairman                                    Mobile: [phone]
Chris Musselle, Finance Director                          Mobile: [phone]

Seymour Pierce Limited                                                        
Sarah Wharry                                                     020 7648 8700


Boswell City Financial PR Ltd                                    020 7583 2001
Glenda Boswell                                            Mobile: [phone]

Rodney Johnson                                            Mobile [phone]
                                  
                                                                              
        
Chairman's Statement

Last year has seen the Group grow very substantially.  The power of that
growth has been primarily through the number of acquisitions that your Company
has made during the year.

Understandably, that expansion has seen a significant increase in our shares
in issue but the Group ended the year very much stronger in both its
operational base and balance sheet.

As a matter of interest, it might be worth noting that we slightly more than
trebled the number of issued shares in the year ended 31 March 2000, whilst
our market capitalisation increased almost ten times.

The financial performance and highlights are shown in your Finance Director's
report.  The Company's performance is such that your Directors intend to
recommend a cash final dividend for last year of 0.3p per share to all
shareholders on the register, as at 28th July 2000, payable subject to
shareholder approval, on 3rd October 2000.

The Board also intends to pay a special interim dividend in respect of the
next financial year of 0.3p per share, payable to all shareholders on the
register as at 28th July 2000.  This dividend will be paid in Envesta
(formerly Bickerton) shares on 29th July, reflecting the 'windfall' value of
the retained AIM listing of Envesta.

In May 1999, your Company agreed to acquire a 50% shareholding in Living
Heritage Holdings Ltd, a group which specialises in providing distinctive
homes from converted and restored listed and historic buildings, including
manor houses and barns. Since its formation in 1990, the group has completed
139 houses on 16 individual sites in the Home Counties and the Midlands.  The
group includes specialist construction and bespoke joinery units.

In August, your Company acquired Joseph Driver Building Ltd, a building and
contracting company based in Tring, Hertfordshire.  Its clients include a
number of local authorities and housing associations, in London and the Home
Counties.  In acquiring Joseph Driver we further broadened the geographical
and client base of the contracting side of our Group.  It was another step in
our strategy of building the Artisan regional contracting division.

In September, the Group signed a £5.5m joint venture agreement with Guardian
Assurance plc to develop 12 light industrial units with ancillary offices,
comprising a total gross internal area in excess of 73,000 square feet at the
Cardinal Business Park, Godmanchester in Cambridgeshire.

In November, your Company made an agreed offer for Investment in Heritage plc,
a BES residential property investment company.  It is our intention to
liquidate those assets at the earliest opportunity and apply the proceeds
raised to Artisan's own working capital requirements.

In December, your Company invested £250,000 in acquiring a 15% equity stake in
Partners in Property Solutions plc, a company aiming to be the leading
provider to the UK residential property market of on-line trading services. 
Our policy was that, initially, we would use our own growing profitability and
resources to make such investments to gradually build up a portfolio of
Internet and information technology investments.  The strategy was to identify
investments where there is a commercial interest that is related to Artisan's
own interests in property and construction. 

In January this year, your Directors announced the acquisition of two
investment properties in Sheffield, for a consideration of £2,250,000.  The
properties in aggregate generated £287,815 per annum rental income but, when
refurbished and fully let, are expected to generate over £400,000 in rents.

In the middle of January, your Company made an agreed £7.5m bid for Bickerton
Group plc.  Based at St Albans in Hertfordshire, Bickerton's principal
activities comprised a building and construction division and a commercial
property development division.  Prior to our bid it had exchanged contracts to
acquire a residential development site at London Colney and had received
planning consent for its Harpenden site.  It had secured a contract to develop
an office scheme in Watford and had agreed a conditional sale of its Black Fan
Road site in Welwyn Garden City.  The acquisition of Bickerton was a further
step in the Company's strategy to create a national contractor/development
group.

In February, your Company agreed to purchase a further portfolio of seven
investment properties, which in aggregate had been independently valued at
£9.415m or £9.75m made up in cash and shares.  We have subsequently sold off
the industrial element of those properties for £5.125m cash and currently have
the balance of the property left for early disposal.  Although this particular
deal involved the issue of a large number of shares, of which the vendor has
subsequently disposed of the entire holding, it did act as a substantial
fund-raising exercise.

At the end of February, your Company sold its subsidiary, Bernard Ward
Limited, to that company's management team for a cash consideration of
£350,000.  Although Bernard Ward was an approved contractor to a number of
local authorities, housing associations and other public bodies, it was not
considered capable of the growth your Group expects.

At the end of March, your Company purchased a 6% equity stake in CPD Online
Plc, an OFEX quoted company that develops and maintains interactive online
Internet databases for use by some 70 leading UK commercial property agents
marketing properties on their websites.  It was considered a reasonable
addition to the other Internet interest in our portfolio.

Since the year-end, the pace of the Group's development has not slowed down in
any way.

In early April, we announced that it was our intention to maintain the AIM
quote of Bickerton as a separate entity with a view to that company building
up investments in the IT/technology sector, but that it would not be as an
'incubator' fund.  All the trading subsidiaries of Bickerton Group became
direct operating subsidiaries within the Artisan group structure and the value
of the quoted 'cash shell' is an additional benefit to shareholders in excess
of that anticipated at the time of the acquisition of the Bickerton
businesses.  

On July 17th, at an Extraordinary General Meeting of Bickerton, shareholders
approval was given for changing the Bickerton company name from what had
become a listed shell, to Envesta plc, more accurately reflecting its new
specialisation as an investment vehicle focussing in the IT/technology sector.
It also acquired on that date a 73% interest in Propertytrade plc, an Internet
portal focused solely on the UK commercial property market, for £2,835,000
satisfied by the issue of 6,3000,000 new ordinary shares in Bickerton at 45p
each. The EGM also approved the redemption of all the Preference Shares in
Bickerton Group held by Artisan (UK), via the issue to Artisan of 1,100,000
New Ordinary shares in Evesta at 45.45p per share.

In addition, Envesta also acquired from Artisan, for 1m cash, the two Internet
investments, our stakes in Property in Partnership and CPD Online, showing the
company a useful profit approaching £400,000 in the process. These disposals
very profitably conclude our aspirations of building up a portfolio of such
investments.

Our holding in Envesta, subsequent to the above equity issues and disposals,
is now 12.2 million shares, representing 52% of that companies equity. As it
expands we do not envisage this investment to be part of our own development
plans, leaving Artisan firmly focussed on its core activities.

Artisan currently has an approximate 20% shareholding in the AIM listed
cash/incubator fund enterpriseAsia plc. We believe this represents an
opportunity to create substantial returns for our shareholders, by assisting
the board of enterpriseAsia plc to alter the existing strategy of financing IT
start-up situations in the Far East to one of becoming a cash shell, then
encouraging the reverse takeover by a substantial, probably private, company.

We now have in Artisan (UK) a group of soundly based and profitable
operational activities. Our order books are healthy and indicate that the
current year will show further growth. Our balance sheet is strong with the
disposals of properties acquired earlier this year helping to boost our cash
funds even further.

We have achieved impressive progress in the year under review, taking us to a
platform from which we will build significantly in the current year. We now
have the resources and facilities sufficient to cope with such expansion. A
number of opportunities are being considered currently which should more than
adequately boost our horizons and add substantial shareholder value, an aim
that remains paramount in our strategy.

Finally, I take this opportunity to thank the staff and management of the
Company for their commitment and continuing loyal support, without which the
last year's substantial progress would not have been achieved.


Stephen Dean
Chairman


Operations Review - Property and Development 

Development

1999/2000 saw a significant increase in development activity with the
commencement of three new business parks at Peterborough, Godmanchester,and St
Neots, providing 430,000 square feet of new industrial and office space. The
Cardinal Business Park in Godmanchester  has already been sold to Guardian
Assurance, building upon the success of the nearby Chord Business Park.

At the end of the year, the development portfolio was enhanced by the
activities of the Bickerton Group plc subsidiary, Gryphon Developments plc.
This included a number of commercial investment and residential development
sites in various stages of planning, which are intended to be sold or
developed during the coming year, among them a housing site in Welwyn Garden
City, on which a sale has already been agreed at £5.4m. Gryphon Developments
are managing a a 24,000 square foot pre-sold office development in Watford
scheduled to complete in early 2001, releasing further profits once it is
tenanted.

The housebuilding operation continued to contribute steady profits from both
its own developments and from joint-venture contracts with, in particular,
Gleeson Classic Homes.  The company sold 28 houses in the year, and a similar
scale of activity is planned for the current year with a continuing emphasis
on joint-venture development and houses in the £300,000 to £1m price range.
 
The main focus for the coming year is to further increase commercial
development activity, and this is reflected in the new name for this division,
Artisan (UK) Developments Ltd, having previously traded as Dean Homes.

Property

The first acquisition for the new property division came with the purchase of
Investment In Heritage plc, a former BES company, which included a block of 9
refurbished period flats under let.  The leases have now been concluded to
permit the sale of the properties to realise cash and some profit in the
current trading year.

Between January and March 2000, the opportunity was taken to acquire two
portfolios of former investment properties for approximately £12m. These
comprised an industrial estate in London,, offices and shops in Sheffield,
Halifax and Newcastle, plus sundry other property. The feature of this
portfolio is its high income generation whilst offering considerable scope for
growth, through refurbishment and reduction in high void levels, or through
redevelopment. The London estate was sold on for over £5m shortly after the
year end, and it is intended to purchase and sell further properties in the
coming period
 
Living Heritage

Our investment in this Associate company, specialising in residential
conversion, provided a satisfactory contribution to the Group's profits for
the year.  We have supported this associate through the availability of
development funding.

The much admired schemes at Danesbury Park and the former Pinks Hotel in
Shenley were both completed and substantially sold by the year end , along
with other developments, providing a total of 44 completions.

New developments started in 1999 include a town centre site adjacent to
Warwick Castle, the old barns in Codicote (Herts) and a former chapel in
Haywards Heath.  Further sites have been acquired in Brackley (Northants),
Putteridge Bury (Herts) and Birkdale on the NorthWest Coast, emphasising the
Company's wide geographic influence and continuing growth.



Operations Review- Contracting

Speymill Contracts

The 12 months to 31st March 2000 have seen a number of changes to Speymill
Contracts and its client base with some well publicised takeovers,
particularly in respect of Punch Taverns with Allied Domeq, Scottish &
Newcastle with Greenalls and Greene King with Morlands.

Speymill continue to develop relationships with the main national breweries
and other substantial chains of restaurants and bars and its substantial
client list includes:

The Old Monk Pub Company                Pizza Express
Yates' Wine Lodges                      Surrey Free Inns
Luminar Leisure                         Eldridge Pope
Greenalls Hotels                        Wolverhampton & Dudley
Allied Domeq                            Everards
Charles Wells                           Elbow Room Pub Company
Perthshire Leisure                      Emma Somerset
Bass Taverns                            Austel Brewery 
Scottish & Newcastle       

As part of the continued controlled expansion, Speymill Contracts have opened
a new regional office based in Leeds to take advantage of the considerable
opportunities in the North of England.  The Leeds office has now established
itself and we are confident that within 18 months it will be responsible for
an annual turnover of at least £5 million.

The company's activities remain firmly focussed on the leisure industry and
revolve around refurbishment, fitting out and new build of bars, restaurants
and nightclubs.

Speymill's continued priority is to cement relationships and this has been
enhanced with a move towards more negotiated contracts and partnering
philosophies with regular clients, where a high standard of workmanship and
meeting deadlines is all important.  

Speymill sees many varied opportunities in the new financial year through
ensuring that existing relationships continue and through developing
relationships with new clients.  It is evident now, with the addition of the
Leeds base, we can  look forward to another successful year.

Joseph Driver Building Limited

Since the acquisition of Driver Construction, (the commonly used trading name
for Joseph Driver Building Ltd), in August 1999, the company has traded
successfully, a result which has continued through to the start of the current
year.

While Driver Construction operates primarily in the public sector, its
versatility, type and variety of construction projects undertaken has enhanced
its reputation and provided a sound footing to expand and develop its
operations.

Driver Construction carry out work for a variety of clients which include
local authorities, NHS trusts, housing associations,  and commercial and
private clients.

It is our intention to increase turnover through controlled expansion by
developing existing relationships and extending the current client base to
meet the demands of the public sector.

The secured work for the new financial year is very promising and we hope to
build on this for another successful year.

Bickerton Construction Limited

Following the completion of the acquisition of Bickerton Group plc on 31 March
2000, we have added a substantial contracting organisation which has an
enviable reputation.

Based in St Albans, having been established since 1930, Bickerton have built
up their contracting business on the principles of quality and reliability.

As one of the foremost contractors operating throughout Southern England they
have the diversity of skills to handle all manner of requirement.  These
capabilities range from small refurbishment tasks to multimillion-pound
fast-track construction programmes, or complete design and build turnkey
packages.

Bickerton has an extensive track record in Education, Health, Housing,
Leisure, Commerce and Industry.

Having moved the development division of Bickerton Group plc, to Artisan
Developments, the intention is to refocus Bickerton Construction as purely a
contracting organisation, to maintain its principal reputation in the public
sector. 

In this market place there is a continuing shift to more negotiated projects
and partnering. The new financial year has commenced with secured work
standing at over £21m pounds so we can build on the first class reputation
that currently exists.


Financial Review

During the course of the year turnover has increased to £34.8m (15 months 31
March 1999 = £28.3m) an increase of 53%, with a corresponding increase in
operating profit to £4.2m (15 months 31 March 1999 £1.5m), an increase of
250%.

The turnover and profit of group operations is summarised below:

                  Contracting    Development   Central             Total      
                                 & Property    Consolidation       
                                               Adjustments 
                  £m             £m            £m                  £m
Turnover          19.39          14.98          0.45               34.82
Operating Profit   0.73           3.27         (0.20)               4.20

The above includes £4.9m share of turnover from our associate Living Heritage
Holdings.  There is no contribution to turnover or profit from the Bickerton
Group companies in the year.

Turnover and Profit before taxation

The increase in turnover largely arises from the Joseph Driver Building
acquisition during the year.  Joseph Driver Building and our Living Heritage
Holdings associated company have both satisfactorily contributed to the
group's profitability.

Acquisitions

Investment in Heritage plc was also acquired during the year, and as envisaged
there has been no significant profit contribution during the period. The
property assets, are as planned, in the course of sale, and will contribute
funds towards further development activities in the current year.

Towards the end of the year, Artisan completed the acquisition of Bickerton
Group plc.  Your Directors have then undertaken the operational integration of
the trading activities.  This has been achieved by the disposal of the
Bickerton Group subsidiaries to other Artisan subsidiaries at net asset value.

Share Capital

Through the course of the year under review Artisan has issued new shares in
the company as an open offer to shareholders, share placings and as
consideration or part consideration for acquisitions.  This latter step has
allowed working capital to be preserved, and enhanced as acquired assets have
been disposed of.

Since the year end the company has issued 11,500,000 shares at 18p as
consideration for the purchase of a substantial block of shares in
enterpriseAsia.com plc.

Balance Sheet

At the period end the group had net cash balances of £3,248,199 and bank and
short term borrowing of £13,825,423 representing a gearing radio of 59% (1999:
63%).  Given the significant value of short term property and the acquistion
of Bickerton Group both acquired shortly before the year, your board consider
this level of gearing to be not particularly high for a group with property
and development interests.  Of the 59% gearing, 33% is in respect loans for
the property portfolio and 11% in respect of the acquisition of Bickerton
Group plc. The remaining 15% is in respect of development funding.

Dividends

During the course of the year, your Board has paid an interim dividend of 0.2p
and proposes a final dividend of 0.3p.  The total dividend for the year of
0.5p is 4.3 times covered by earnings per share of 2.16p.  

As advised by your Chairman, the Company also intends sharing part of the gain
following the restructuring of the Bickerton Group with shareholders by way of
a special first dividend of 0.3p for the year to 31 March 2001.  This dividend
to be paid in specie by way of shares in Envesta plc (formerly Bickerton Group
plc).

Post Balance Sheet

Following the restructuring, Bickerton Group plc has become a shell company
with an AIM listing.  We have then sold Artisan trade investments in PIP
Solutions plc and CPD Online plc to Bickerton Group plc and agreed a reverse
acquisition of 73% of the share capital of Propertytrade plc.

It is the Board's policy to develop the Company's interest in contracting and
property development, and therefore your Board has decided that our interest
in Bickerton Group plc will be reduced when appropriate.  Since the year end,
Artisan has sold 4.0m shares in Bickerton Group plc representing approximately
25% of Artisan's shareholding.  This has realised £1.0m of cash at a profit of
some £0.5m.  The current share price of Bickerton Group plc is 43p offering
the opportunity to realise further funds and profitability for Artisan. 

The steps your Board has taken to utilise the holding company of the Bickerton
Group has resulted in the potential for significant additional profits and
reduced costs of investment, while retaining the benefit of the trading
operations formerly within the Bickerton Group.

Chris Musselle
Finance Director
 


CONSOLIDATED PROFIT & LOSS ACCOUNT

For The Year Ended 31st March 2000

                                                 31 Mar 2000       31 Mar 1999
                                                 12 months         15 months
                                                                   As restated
TURNOVER                                         £                 £
Ongoing activities                               23,167,233        27,160,625
Acquired activities                               8,427,525                 -
Discontinued activities                           3,226,759         1,188,095
                                                  _________        _________
Total turnover                                   34,821,517        28,348,720
                     
Group's share of associate's turnover            (4,938,078)                -
                                                  _________        _________
GROUP TURNOVER                                   29,883,439        28,348,720
                     
COST OF SALES                                   (22,774,159)      (23,855,530)
                                                  _________         ________
GROSS PROFIT                                      7,109,280         4,493,190
Administrative expenses                          (3,408,876)       (2,497,486)
Exceptional expenses                                      -          (525,000)
Other operating income                               44,174             4,017
                                                  _________         ________
GROUP OPERATING PROFIT                            3,744,578         1,474,721
Group's share of operating profit of associate      437,333                 -
                                                  _________         ________
TOTAL OPERATING PROFIT                     
Ongoing activities                                3,329,963         1,450,820
Acquired activities                                 857,701                 -
Discontinued activities                              (5,753)           23,901
                                                  _________         ________
                                                  4,181,911         1,474,721
Interest receivable & similar income                245,939           124,260
Profit on sale of group undertaking                 104,957                 -
Interest Payable                                   (401,211)         (225,150)
                                                  _________         ________
PROFIT ON ORDINARY                                 4,131,596        1,373,831
ACTIVITIES BEFORE TAXATION 
Taxation                                          (1,264,313)        (459,031)
                                                  _________         ________
PROFIT ON ORDINARY                                 2,867,283          914,800
ACTIVITIES AFTER TAXATION   
Dividends                                         (1,066,485)        (991,213)
                                                  _________          _______
RETAINED FOR THE YEAR                              1,800,798          (76,413)
                                                  _________          _______
                     
Earnings per share                                      2.16p            1.30p
                                                       _____           _____
                           
Diluted earnings per share                              2.13p            1.27p
                                                       _____           _____
                    
CONSOLIDATED STATEMENT OF TOTAL
RECOGNISED GAINS AND LOSSES

                                                  £                 £
Profit for period                                  2,867,283          914,800
                     
Realised surplus on previous                               -           65,867
revaluation of property 
                                                   _________        ________
Total Gains and Losses Recognised                  2,867,283          980,667
                                                   _________        ________
          

CONSOLIDATED BALANCE SHEET

As At 31st March 2000

                                                 31 Mar 2000       31 Mar 1999
                                                 £                 £
FIXED ASSETS                     
Intangible fixed assets                            2,953,127          117,358
Tangible fixed assets                              2,201,466          338,953
Investment in associates                             804,246                -
                                                   _________          _______
                                                   5,958,839          456,311
                                                   _________          _______
CURRENT ASSETS                     
Investments                                       13,480,648          411,634
Stocks & work in progress                         11,304,325        2,928,893
Debtors                                           14,132,828        5,432,798
Cash at bank & in hand                             3,248,199          677,776
                                                   _________        _________
                                                  42,166,000        9,451,101
CREDITORS:  Amounts falling due                  (27,571,695)      (6,177,816)
within one year
                                                   _________        _________
NET CURRENT ASSETS                                14,594,305        3,273,285
                                                   _________        _________
                     
TOTAL ASSETS LESS CURRENT LIABILITIES             20,553,144        3,729,596
                     
CREDITORS:  Amounts falling due after more 
than one year                                                                 
                                                  (2,488,394)      (1,906,837)
                     
Minority interests                                  (129,944)               -
                                                   _________         ________
NET ASSETS                                        17,934,806        1,822,759
                                                   _________         ________
CAPITAL & RESERVES                     
Called up share capital                            1,239,606          379,119
Share premium account                             13,391,027          219,685
Merger reserve                                     1,313,547        1,034,127
Profit & loss account                              1,990,626          189,828
                                                   _________         ________
EQUITY SHAREHOLDERS' FUNDS                        17,934,806        1,822,759
                                                   _________         ________
 
 

GROUP CASH FLOW STATEMENT

For The Year Ended 31st March 2000

                                                 31 Mar 2000      31 Mar 1999
                                                 12 months        15 months
                                                 £                £
NET CASH (OUTFLOW) FROM    
OPERATING ACTIVITIES                             (6,650,535)         (339,687)
RETURNS ON INVESTMENTS &    
SERVICING OF FINANCE                     
  Interest received                                 245,939           124,260
  Interest paid                                    (401,211)         (225,150)
                                                   ________           _______
NET CASH (OUTFLOW) FROM RETURNS
ON INVESTMENTS & SERVICING OF FINANCE              (155,272)         (100,890)
                     
TAXATION                     
UK Corporation tax paid                            (484,167)         (431,341)
                     
CAPITAL EXPENDITURE & FINANCIAL INVESTMENT                     
Purchase of tangible fixed assets                  (195,134)         (172,457)
Sale of tangible fixed assets                       110,621           136,170
                                                 __________           _______
NET CASH OUTFLOW FROM INVESTING ACTIVITIES          (84,513)          (36,287)
                     
ACQUISITIONS & DISPOSALS                     
Purchase of subsidiary undertakings              (3,058,818)         (248,870)
Net cash acquired with subsidiary undertaking       310,677           175,391
   Disposal of subsidiary undertaking               348,827                 -
   Purchase of share in associate                  (511,790)                -
                                                 __________           _______
NET CASH (OUTFLOW) FROM ACQUISITIONS             (2,911,104)          (73,479)
& DISPOSALS                                      
                     
EQUITY DIVIDENDS PAID                              (574,895)       (1,299,580)
                                                 __________          ________
NET CASH OUTFLOW BEFORE FINANCING               (10,860,486)       (2,281,264)
                                                 __________          ________
FINANCING                     
Issue of shares net of costs                     13,828,259         1,432,831
Additions to borrowing                            4,848,797         1,000,000
Debt acquired with subsidiary undertakings       (5,212,701)                -
Capital element of finance leases                   (33,446)          (83,964)
                                                  _________          ________
NET CASH INFLOW FROM FINANCING                   13,430,909         2,348,867
                                                  _________          ________
                      
INCREASE IN CASH                                  2,570,423            67,603
                                                   ________          ________

 
Notes

1.The earnings per share calculation is based on the weighted average number
of shares in issue during the year of 133,022,474 (1999 15 Months: 70,366,647)
and on the profit after taxation for the financial year of £2,867,283 (1999 15
Months: £914,800)
2.The financial information set out in this document does not constitute
statutory group accounts.  The consolidated accounts have been prepared using
merger accounting principles in accordance with FRS 6.  As regards the
comparatives show for 15 Months to 31 March 1999, they have been aggregated
and presented as though the subsidiaries had always been part of Artisan (UK)
plc even though the demerger from Dean Corporation did not become effective
until 8 December 1998.  
3.The report and accounts and accounts for the year to 31 March 2000 will be
posted to shareholders shortly and, after adoption at the Annual General
Meeting, delivered to the Registrar of Companies.
4.The Annual General Meeting will be held at Founders Hall, 1 Cloth Fair,
London, EC1A 7HT at 11.00am on 5 September 2000.

Copies of this announcement will be available to the public, free of charge,
from the office of Seymour Pierce Ltd., 29/30 Cornhill, London, EC3V 3NF
during normal office hours, with the exception of Saturdays, Sundays and bank
holidays, for 14 days from today.

Enquiries:

Artisan (UK) plc                                                  01480 436666
Stephen Dean, Chairman                                    Mobile: [phone]
Chris Musselle                                            Mobile: [phone]

Seymour Pierce                                                   020 7648 8700
Sarah Wharry

Boswell City Financial PR Ltd                                    020 7583 2001
Glenda Boswell                                            Mobile: [phone]

Rodney Johnson                                            Mobile [phone]