Top Ten Holdings

Artemis Alpha Trust PLC
02 May 2007

ARTEMIS ALPHA TRUST PLC (the 'Company')

TEN LARGEST INVESTMENTS



In accordance with Listing Rule 15.4.11R(2), the Company announces that at 30
April 2007,

the ten largest investments in its portfolio were as follows:
Company                                                                          Percentage of gross
                                                                                              assets
ARTEMIS INV MGMT NEW ORD GBP                                                                    5.08
SALAMANDER ENERGY GBP0.10                                                                       4.56
REDHALL GROUP ORD GBP0.25                                                                       3.31
GEIGER COUNTER GBP NPV (SUB RIGHTS)                                                             3.06
REVUS ENERGY NOK0.25                                                                            2.95
SXR URANIUM ONE COM CAD NPV                                                                     2.91
ARICOM ORD GBP0.001                                                                             2.89
REA HLDGS 7.5% NTS 31/12/14 USD1                                                                2.39
NEW STAR ASSET MANAGEMENT ORD GBP0.05                                                           2.38
POLAR CAPITAL HOLDINGS ORD GBP                                                                  2.33





BNP Paribas Secretarial Services Limited



2 MAY 2007






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