Transaction in Own Shares

Artemis Alpha Trust PLC
11 January 2008

Artemis Alpha Trust plc



Transaction in own shares





The Company has today made a market purchase of 100,000 of its own ordinary
shares of 1p, representing 0.3% of the issued share capital.  The shares were
bought at 220.50p 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 32,933,488 ordinary shares in issue and
425,000 ordinary shares held in treasury.





Artemis Investment Management Limited,

Secretary



11 JANUARY 2008


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