Transaction in Own Shares

Artemis Alpha Trust PLC
26 October 2006

Artemis Alpha Trust plc

Transaction in own shares


The Company has today made a market purchase of 125,000 of its own ordinary
shares of 1p, representing 0.37% of the issued share capital.  The shares were
bought at 186p per share and the Company intends to hold these shares in
treasury.  These shares will only be re-issued at prices which are in excess of
the diluted net asset value of the Company's shares immediately before such re-
issue.


Following this purchase, there are 33,233,488 ordinary shares in issue and
125,000 ordinary shares held in treasury.





Artemis Investment Management Limited,

Secretary



26 October 2006


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