Joint Venture

ARTISAN (UK) PLC
16 September 1999

                    ARTISAN (UK) plc
                            
   (Commercial and Leisure Industry Contractor - AIM)


The Board of Artisan (UK) plc ('Artisan) announce that it
has  signed  a  joint  venture  agreement  with  Guardian
Assurance plc ('Guardian') to develop industrial units at
Cardinal Business Park, Godmanchester, Cambridgeshire.

Artisan, sold its long-leasehold interest in the site  at
Cardinal Park to Guardian for £1.450,000 cash and at  the
same time both parties entered into an agreement for  the
development   of  the  site  by  Artisan  with   Guardian
providing the funding for the development.  The value  of
the  site  is  shown in the company's  balance  sheet  as
£1,150.000  and will be used to fund further  development
projects.

The  development  will comprise of  12  light  industrial
units  with  ancillary offices comprising a  total  gross
internal  area  in excess of 73,000 square  feet.    When
fully  let,  the agreement between Artisan and  Guardian,
provides  for valuation of the development  on  a  profit
sharing basis, following deduction of development  costs.
Artisan expects the gross revenues to be around £5.47m.

Enquiries:

Artisan (UK) plc                                  01480 436 666
Stephen Dean, Chairman
Mobile [phone]

Seymour Pierce Ltd.                               0171 648 8700
Richard Feigen/Sarah Wharry

Boswell City Financial PR Ltd.                    0171 583 2001
Glenda Boswell                                    
Mobile [phone]