Dividend Declaration-Amend

Artemis Alpha Trust PLC
28 May 2004

ARTEMIS ALPHA TRUST PLC (the 'Company')

Declaration of interim dividend

The issuer advises that the following replaces the declaration of interim
dividend announcement released on 10 May 2004 at 15:05 under RNS Number 4907Y.
The date from which the New Ordinary Shares are to rank pari passu with the
Existing Ordinary Shares was incorrectly stated. The correct date for the shares
to rank parri passu is in fact the record date for payment of the second interim
dividend, being 21 May 2004, rather than the payment date for the second interim
dividend of 4 August 2004, as previously stated. As a result of this, the New
Ordinary Shares and Existing Ordinary Shares will be merged on opening of
business on 3 June 2004.

All other details remain the same and the full corrected version is shown below:


The Board of the Company is pleased to declare a second interim dividend of 1.0p
per ordinary share (excluding the ordinary shares issued on 15 December 2003
('New Ordinary Shares'), which do not rank for the dividend) ('Existing Ordinary
Share')* for the year ended 30 April 2004. The dividend, which is in lieu of a
final dividend for the year, will be paid on 4 August 2004 to all eligible
shareholders on the Company's register of members at the close of business on 21
May 2004 (the 'Record Date').

The Company confirms that the New Ordinary Shares will rank pari passu in all
respects with the Existing Ordinary Shares of 1p each in the Company with effect
from the Record Date and will be merged on 3 June 2004.

*The relevant SEDOL numbers are as follows:

Existing Ordinary Shares: 0435594

New Ordinary Shares: 3384693


BNP Paribas Secretarial Services Limited

Secretary



28 MAY 2004


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