RNS Number:3985U
Artemis Alpha Trust PLC
19 January 2004

 ARTEMIS ALPHA TRUST PLC (the "Company")

 As at close of business on 16 January 2004, the Net Asset Value ("NAV") per

ordinary 1p share of the Company was as follows:



Undiluted NAV per share: 113.07 pence

Diluted NAV per share: 110.49 pence



19 JANUARY 2004








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