Grant of Share Options

Artisan (UK) PLC
25 July 2006



                                ARTISAN (UK) PLC
                                  
                             GRANT OF SHARE OPTIONS
                                        
Artisan (UK) plc announces that under the authority allowed in the existing 
Approved and Unapproved Executive Share Option schemes, share options were 
issued to the Executive Directors of Artisan (UK) plc on 24 July 2006. The number 
and terms of the share options were carefully considered by the Remuneration 
Committee and issued to help ensure that the interests of senior management of 
the group are aligned with those of the shareholders. The Remuneration Committee 
believe that a principal interest of the shareholders is share price growth and 
accordingly the exercise of the shares is conditional upon share price growth in
Artisan (UK) plc.  These share options form the third and final tranche of a 
share options programme previously agreed.

The options granted to the Executive Directors are as follows:

Name                Share options             Exercise             Scheme
                    granted                   price                Conditions
                    24 July 2006

Chris Musselle
                     916,666                   3.75p               Unapproved  a
                     916,667                   3.75p               Unapproved  b

John Jones
                     500,000                   3.75p               Unapproved  a
                     500,000                   3.75p               Unapproved  b
    
Mr Musselle is now interested 758,853 ordinary shares in Artisan (UK) plc,
representing approximately 0.23 per cent. of the issued share capital, and a 
total of 7,499,999 share options including those announced above.  Other than for 
1,500,000 shares granted in May 2000, all of his share options have performance
conditions attaching.

Mr Jones is now interested 220,000 ordinary shares in Artisan (UK) plc, 
representing approximately 0.07 per cent. of the issued share capital and a 
total of 3,500,000 share options including those announced above.  All of his share 
options have performance conditions attaching.

Conditions:

a.  The Exercise of the Option is conditional on the closing mid-market
     price of an ordinary share exceeding 5.50p ('the threshold price')
     for a consecutive period of 90 days prior to the third anniversary
     of the date of grant. These options may be exercised between three
     and six years after the options were granted.

b.  The Exercise of the Option is conditional on the closing mid-market
     price of an ordinary share exceeding 6.50p ('the threshold price')
     for a consecutive period of 90 days prior to the third anniversary
     of the date of grant. These options may be exercised between three
     and six years after the options were granted.




Artisan (UK) plc:                                       01480 436666
Chris Musselle                Chief Executive           [e-mail]
                                                        www.artisan-plc.co.uk

Brewin Dolphin Securities     Nominated advisers        0121 2374961
Nigel Spedding
                                                      
Bankside Consultants          Financial PR advisers     020 7367 8888/
Simon Rothschild                                        07703 167065




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