Director/PDMR Shareholding

Artemis Alpha Trust PLC
06 February 2006



          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1. Name of company

ARTEMIS ALPHA TRUST PLC


2. Name of director

CHARLES E W PEEL


3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18 or in respect of a non-beneficial
interest

IN RESPECT OF DIRECTOR NAMED IN 2 ABOVE - BENEFICIAL INTEREST


4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified)

KBC PEEL HUNT


5. Please state whether notification relates to a person(s) connected with the
director named in 2 above and identify the connected person(s)

NO


6. Please state the nature of the transaction. For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary

DISPOSAL OF SHARES


7. Number of shares/amount of stock acquired

N/A


8. Percentage of issued class

N/A


9. Number of shares/amount of stock disposed

626,759 SHARES


10. Percentage of issued class

1.88%


11. Class of security

ORDINARY SHARES OF 1 PENNY EACH


12. Price per share

207.5 PENCE


13. Date of transaction

3 FEBRUARY 2006


14. Date Company informed

6 FEBRUARY 2006


15. Total holding following this notification

500,000 ORDINARY SHARES OF 1 PENNY EACH


16. Total percentage holding of issued class following this notification

1.50%


17. Any additional information

As a result of this disposal of 626,759 ordinary shares of 1 penny each, the Company announces that
Charles Peel no longer has a notifiable interest in the Company for the purposes of Section 198 of the
Companies Act 1985.


18. Name of contact and telephone number for queries

NICHOLAS JARRETT - 020 7410 4186


19. Name and signature of authorised company official responsible for making
this notification

NICHOLAS JARRETT, FOR AND ON BEHALF OF BNP PARIBAS SECRETARIAL SERVICES LIMITED, COMPANY SECRETARY TO
ARTEMIS ALPHA TRUST PLC


Date of Notification

6 FEBRUARY 2006






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