Trading Update

Artisan (UK) PLC
16 February 2007



                                Artisan (UK) plc
                                        
                                 Trading Update
                                        
Artisan (UK) plc ('Artisan' or 'the Company'), the housebuilder and commercial
business park developer, releases the  following trading update in respect of
the three months to 31 December 2006 which is provided as part of a move to the 
revised accounting reference date of 30 June.  In addition, due to the changes
of revenue recognition, as previously  announced, as part of the conversion to
IFRS, Artisan is not providing comparative figures for this quarter.

Sales for the period are summarised below:

                          Three months to            Nine months to 
                          31 December 2006           31 December 2006

Residential                    £3.18m                     £14.49m
Commercial                     £2.56m                     £7.02m

TOTAL                          £5.74m                     £21.51m

Rippon Homes

Completed sales of residential units rose from 62 for the six months to 30
September 2006 to 82 for the nine months to  31 December 2006.  Although the
three months to 31 December were expected to be seasonally quiet, in the event
November  and early December were more robust than expected.  Margins continue
to be pressured by the need to provide incentives  on sales and from the use of
newer land.  Overheads in this business have remained in line with management
expectations.

Although the market for land, particularly with planning permission, remains
extremely competitive, Rippon Homes was  successful in securing the three sites
announced last month, with the purchase of a further site due to complete 
shortly and sites at other locations at an advanced stage of negotiations.


Artisan Developments

Artisan (UK) Developments, the Company's business park development subsidiary,
completed the sales of four units to an  investor on its St Albans site in
December.  In addition, during the period this business entered into a forward
sale  on an 11,000 sq ft office at Cygnet Park in Peterborough and a forward
lease of a further 11,000 sq ft office also at  Cygnet Park.  These are all
significant and profitable transactions.  On the forward sale only the land
value and  initial build valuation have been recognised in the period to
December.  The forward lease provided no contribution at  that stage, but in
January a forward sale of the freehold of the building subject to the forward
lease was completed.   The majority of the build turnover will be recognised in
the remainder of the financial period to 30 June 2007.  Whilst  these
transactions are extremely encouraging, Artisan (UK) Developments Limited will
continue to attract the regular  sales that form the core of its trading
activities.  The exceptional activity on the larger sales has been a little 
offset by a slightly quieter time on the regular sales.  We believe this
reflects the underlying variability in demand  rather than any response to
rising interest rates as yet.


Outlook

Although it is proving challenging to purchase quality land at appropriate
values, we are pleased to report that the  strategy of investment in land for
the future is moving ahead and the Board believes that the platform for growth
is  being achieved.   We can see very positive signs that our strategy on the
commercial side will be rewarded.  The growth  in commercial activity is mainly
on existing land stocks and we are working to increase the opportunities to
acquire  more commercial outlets.

At Rippon, the Board is comfortable that its expectations on sales are being
met, although the period after the New  Year has not proved quite as robust as
the same period last year and the traditional Spring season remains key, as
ever.

In addition, the Board is currently examining the possibility of utilising its
in-house skills to establish a property  investment arm within the Business, to
purchase and hold commercial investment properties both from the Company's 
current development property portfolio and outside.   We will update
shareholders on our strategy in this area in due  course.




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

Brewin Dolphin Securities      Nominated advisers    0121 236 7000
Limited
Ifor Williams

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

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




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