New Site Purchases

Artisan (UK) PLC
07 June 2006


news release

For immediate release: 7 June 2006

                                Artisan (UK) plc

New Site Purchases

Artisan (UK) plc ('Artisan' or 'the Company'), the residential house and
commercial business park developer, is pleased to announce the following recent
land acquisitions.

Contracts have been exchanged to acquire a four acre site in Peterborough
subject to planning. The new site is known as Cygnet Park and is on the Hampton
Estate. The planning process is well advanced and Artisan (UK) Developments, the
Company's business park developer subsidiary, is already entertaining the first
sales interests. Ultimately Artisan expects to develop approximately 60,000
square feet of office space on Cygnet Park.

Chris Musselle, Chief Executive of Artisan commented:

'The acquisition of this site underlines our commitment to a continued presence
in Peterborough, following the successful development of our Axon Park site
where we are currently building the final office unit. Artisan is making further
progress in meeting its strategy of refreshing and expanding its land bank in
order to further develop both businesses in the group. We have recently
completed the increase in our debt funding and are applying considerable effort
towards sourcing further sites'

In addition Rippon Homes, Artisan's housebuilding subsidiary, has now completed
on its contract to acquire 5.7 acre site at Lincoln which was announced on 22
March. Development work will commence imminently and a sales presence will be in
place from this summer. The development will total 56 units. This site will act
as Artisan's key site for the Lincolnshire area and the Company is assessing
other smaller sites that will be effective satellites to the acquired site.

Artisan (UK) plc:     Chief Executive             01480 436666
Chris Musselle                                    [e-mail]

Seymour Pierce        Nominated advisers          020 7107 8000
Sarah Wharry

Bankside Consultants  Financial PR advisers       020 7367 8888
Simon Rothschild                                  07703 167065

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



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