Top Ten Holdings

Artemis Alpha Trust PLC
02 August 2006


ARTEMIS ALPHA TRUST PLC (the 'Company')

TEN LARGEST INVESTMENTS


In accordance with Listing Rule 15.4.11R(2), the Company announces that at 31
July 2006, the ten largest investments in its portfolio were as follows:

Company                                                                          Percentage of gross
                                                                                              assets

ARTEMIS INV MGMT NEW ORD GBP                                                                    5.36
SALAMANDER ENERGY                                                                               3.76
SOLANA RESOURCES COM CAD NPV                                                                    3.35
MCCROFT TOBACCO HOLDING LN NTE CERT 01/07/09 USD                                                3.19
REVUS ENERGY NOK0.25                                                                            2.77
GEOPARK HOLDINGS COM USD0.001                                                                   2.48
GTL RESOURCES ORD GBP0.01                                                                       2.41
ONDINE BIOPHARMA COM CAD NPV                                                                    2.40
SOUND OIL ORD GBP0.01                                                                           2.32
NEW STAR ASSET MANAGEMENT ORD GBP0.05                                                           2.13


BNP Paribas Secretarial Services Limited

2 AUGUST 2006



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