RNS Number:6655U
Artemis Alpha Trust PLC
27 January 2004

 ARTEMIS ALPHA TRUST PLC (the "Company")

 As at close of business on 23 January 2004, the Net Asset Value ("NAV") per

ordinary 1p share of the Company was as follows:



Undiluted NAV per share: 125.54 pence

Diluted NAV per share: 122.58 pence



27 JANUARY 2004








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