Top Ten Holdings

Artemis Alpha Trust PLC
04 February 2008


ARTEMIS ALPHA TRUST PLC (the 'Company')

TEN LARGEST INVESTMENTS


In accordance with Listing Rule 15.6.8R (2), the Company announces that at 31
January 2008, the ten largest investments in its portfolio were as follows:


Company                                                     Percentage of gross
                                                                         assets
NEW BRITAIN PALM OIL LTD ORD PGK0                                    7.77
ARTEMIS INV MGMT ORD GBP SHS                                         6.75
SALAMANDER ENERGY GBP0.10                                            4.97
VOSTOK ENERGY COM USD                                                4.46
ARICOM ORD GBP0.001                                                  4.03
REA HLDGS ORD GBP0.25                                                3.10
SOLANA RESOURCES COM CAD NPV                                         3.01
GEOPARK HOLDINGS COM USD0.001                                        2.92
REVUS ENERGY NOK0.25                                                 2.57
REDHALL GROUP ORD GBP0.25                                            2.55




For further information, please contact:

Billy Aitken

Tel: [phone]
Artemis Investment Management Limited



4 FEBRUARY 2008






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