AGM Statement

Artemis Alpha Trust PLC
07 September 2006


ARTEMIS ALPHA TRUST PLC


Annual General Meeting Update

The Company gives notice that all resolutions proposed in the notice of the
Meeting were duly passed at the Annual General Meeting held today.

Copies of all resolutions passed as Special Business at the Meeting will be
submitted to the

UK Listing Authority ('UKLA') shortly and will be available for inspection at
the UKLA's Document


Viewing Facility, which is situated at:

Financial Services Authority
25 The North Colonnade
Canary Wharf
London E14 5HS
Tel: [phone]




Portfolio Update



The Company announces that its top ten investments as at close of business on
6th September 2006 were as follows:


      Company                                            % of portfolio              Nature of Investment
1     Artemis Investment Management                                5.4%                          Unquoted
2     Salamander Energy                                            3.8%                          Unquoted
3     McCroft Tobacco                                              3.2%                          Unquoted
4     Solana Resources                                             2.9%              AIM / Toronto Listed
5     Ondine Biopharma                                             2.8%                        AIM Listed
6     GTL Resources                                                2.6%                        AIM Listed
7     Geopark                                                      2.4%                        AIM Listed
8     New Star Asset Management                                    2.2%                        AIM Listed
9     Revus Energy                                                 2.2%                       Oslo Listed
10    Rea Holdings                                                 2.2%                        AIM Listed



The portfolio sector split is as follows:


Sector                                                                                     % of portfolio
Oil & Gas                                                                                           28.7%
Financial                                                                                           24.5%
Industrials                                                                                         13.7%
Basic Materials                                                                                     11.6%
Consumer Goods                                                                                       7.6%
Consumer Services                                                                                    6.3%
Health Care                                                                                          5.5%
Utilities                                                                                            1.2%
Technology                                                                                           0.9%



The portfolio includes a number of unquoted investments and these represent
29.9% of the Company's net assets when valued
on a lower of cost or realisable value basis and 33.1% at fair value.



Artemis Investment Management Limited

7 SEPTEMBER 2006




                      This information is provided by RNS
            The company news service from the London Stock Exchange