RNS Number:1347U
Artemis Alpha Trust PLC
12 January 2004

 ARTEMIS ALPHA TRUST PLC (the "Company")

 As at close of business on 9 January 2004, the Net Asset Value ("NAV") per

ordinary 1p share of the Company was as follows:



Undiluted NAV per share: 112.48 pence

Diluted NAV per share: 110.55 pence



12 JANUARY 2004








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