RNS Number:1979S
Artemis Alpha Trust PLC
18 November 2003


ARTEMIS ALPHA TRUST PLC (the "Company")

As at close of business on 14 November 2003, the Net Asset Value ("NAV") per
ordinary 1p share of the Company was as follows:


Undiluted NAV per share: 107.28 pence

Fully diluted NAV per share: 104.06 pence


18 NOVEMBER 2003

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