Investment Properties Acquired

Artisan (UK) PLC
12 January 2000


      Artisan (UK) plc ('Artisan' or 'the Company')
                            
          Acquisition of Investment Properties


The  Company announces that it has agreed terms  for  the
acquisition  of two investment properties  from  Suffield
Limited  ('the  Vendor'), known as  St  James  House  and
Townhead House, both in Sheffield, for a consideration of
£2,250,000.    The  properties  in  aggregate   currently
generate   £287,815   per  annum   rental   income   but,
refurbished and fully let, would be expected to  generate
over  £400,000  in  rents.   In  order  to  maximise  the
potential   revenue  from  the  properties,  Artisan   is
planning marketing exercises for both sites and hopes  to
improve on the rental income currently generated.

The  consideration is to be satisfied  by  the  issue  of
10,000,000    Artisan   ordinary   shares   to    Baymont
Developments Limited on behalf of the Vendor at  a  price
of  12.5p  per share, and by way of £1,000,000  in  cash.
The  cash element is to be funded by way of a loan to the
Company by Baymont Developments Limited repayable in  one
year with interest of 8%.

Application has been made for these shares to be admitted
to  trading  on  the  Alternative Investment  Market  and
dealings are expected to commence on 13 January 2000.


Enquiries:

Stephen Dean, Chairman
Chris Musselle, Finance Director
Artisan (UK) plc                   01480 436666

Glenda Boswell
Boswell City Financial PR          0171 583 2001

Sarah Wharry
Seymour Pierce Limited             0171 648 8700