New site purchases

Artisan (UK) PLC
22 March 2006


news release

For immediate release: 22 March 2006



                                Artisan (UK) plc

                               New Site Purchases


Artisan (UK) plc, the residential house and commercial business park developer,
is pleased to announce the following recent land acquisitions.

A one acre site,  adjacent to our existing business park at St Neots in
Cambridgeshire has been purchased by Artisan (UK) Developments.  Although full
planning permission for office units has been granted, we have applied for an
alteration of the planning permission to provide a continuation of the product
we have sold successfully on the existing site.  This process is well advanced.
Early interest from customers has been positive to the extent that heads of
terms have already been agreed for the forward sale of the first office unit.
Potentially the site could accommodate eight units.

In addition the acquisition of a  1.5 acre site in St Ives Cambridgeshire with
outline planning permission for industrial units has been completed.  Again the
application towards full planning permission is well advanced as is potential
occupier interest in the site.  There are few if any competing products locally
for those that are to be developed on this site.

Rippon Homes has also exchanged contracts on the acquisition of a 5.7 acre site
at Lincoln for residential development.  The site already has the benefit of
outline planning permission and we expect to be granted detailed planning
permission in the short term, prior to completion of the purchase.  This site
will act as a key site for the Lincolnshire area and we are already assessing
other smaller sites that will be effective satellites to the acquired site.

Chris Musselle, Chief Executive of Artisan commented:

' Part of our corporate strategy is to refresh and expand our land bank in order
to take advantage of positive local conditions across both our house building
and commercial development businesses.  To this end we recently raised funds
through a placing to support the expected  increase in our debt funding
facility.'



Artisan (UK) plc:             01480 436666
Chris Musselle                Chief Executive           [e-mail]



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