Director Shareholding

Artemis Alpha Trust PLC
08 April 2004

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1. Name of company

ARTEMIS ALPHA TRUST PLC

2. Name of director

ANDREW DALRYMPLE

3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18 or in respect of a non-beneficial
interest

IN RESPECT OF NON-BENEFICIAL INTEREST: MR DALRYMPLE HAS DISCRETION OVER THE
VOTING RIGHTS OF THE SHARES ACQUIRED, 5,000 OF WHICH ARE HELD BY COLIN JAMES
DALRYMPLE AND A FURTHER 5,000 OF WHICH ARE HELD BY FIONA JANE DALRYMPLE

4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified)

ADAM & CO. NOMINEES LIMITED, A/C ISA

5. Please state whether notification relates to a person(s) connected with the
director named in 2 above and identify the connected person(s)

NO

6. Please state the nature of the transaction

ACQUISITION OF SHARES INTO AN ISA

7. Number of shares/amount of stock acquired

10,000

8. Percentage of issued class

0.033%

9. Number of shares/amount of stock disposed

N/A

10. Percentage of issued class

N/A


11. Class of security

ORDINARY SHARES OF 1 PENNY EACH

12. Price per share

136 PENCE

13. Date of transaction

5 APRIL 2004

14. Date company informed

8 APRIL 2004

15. Total holding following this notification

20,941 ORDINARY SHARES OF 1 PENNY EACH HELD AS FOLLOWS -

ANDREW DALRYMPLE'S MINOR CHILD: 941 SHARES

COLIN JAMES DALRYMPLE: 5,000 SHARES

FIONA JANE DALRYMPLE: 15,000 SHARES

16. Total percentage holding of issued class following this notification

0.068%

17. Any additional information

NONE

18. Name of contact and telephone number for queries

LOUISE RICHARD - 020 7410 4942

19. Name and signature of authorised company official responsible for making
this notification

LOUISE RICHARD, FOR AND ON BEHALF OF BNP PARIBAS SECRETARIAL SERVICES LIMITED, COMPANY SECRETARY TO
ARTEMIS ALPHA TRUST PLC

Date of Notification

8 APRIL 2004


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