Offer for Share Capital of Investment in Heritage

Artisan (UK) PLC
24 November 1999

                            
Recommended Offer for the Entire Issued Share Capital of
               Investment in Heritage Plc
                 And Additional Listing


The Boards of Artisan (UK) plc ('Artisan') and Investment
in  Heritage  Plc ('IIH') announce that they have  agreed
the  terms of a recommended Offer for IIH to be  made  by
Artisan.

The  consideration for IIH will be satisfied by the issue
of 9,000,000 ordinary shares in Artisan.  Pursuant to the
articles  and  the  conversion terms of  the  A  Ordinary
Shares  in  IIH, the exact terms of the Offer  cannot  be
determined  until  the  day on which  the  Offer  becomes
unconditional  and  will  be determinable  based  on  the
market price of Artisan shares at that time.

Investment in Heritage Plc is a BES residential  property
investment company.  It's assets produce gross income  of
circa.  £150,000  per  annum.  It  is  the  intention  of
Artisan   to  liquidate  these  assets  at  the  earliest
opportunity  and apply the proceeds raised  to  Artisan's
own working capital requirements.

The Offer is conditional on;

the  value of the net assets of IIH not being,  when  the
Offer becomes unconditional, less than £1,040,000.

valid  acceptances being received in respect of not  less
than 51% in nominal value of the IIH shares to which  the
Offer relates;

neither  the  proposed acquisition of IIH by Artisan  nor
any  other  matter  arising from that  acquisition  being
referred to any competition authority;

admission  of the Artisan shares to be issued to  satisfy
the Offer to trading on the Alternative Investment Market
of the London Stock Exchange;

the  Directors of Artisan being reasonably satisfied that
there  has  been  no  material  adverse  change  in   the
financial position of IIH since 1 November 1999;

IIH not having, before the Offer becomes unconditional, -

     issued  or agreed to issue any additional shares  of
     any  class,  or  securities  convertible  into,   or
     rights,  warrants  or options to subscribe  for  any
     shares;
     
     recommended, declared, paid or made any dividend  or
     other distribution;
     
     entered into any transaction, contract or commitment
     (whether  in  respect  of  capital  expenditure   or
     otherwise) which is of an onerous or unusual nature;
     
     incurred any material indebtedness;
     
     entered  into  or varied the terms  of  any  service
     agreement with any director of IIH; or
     
     taken  any  action  or had any order  made  for  its
     winding  up,  or for the appointment of a  receiver,
     administrative receiver or administrator.


The  Directors of Artisan accept responsibility  for  the
information  contained in this announcement  and  to  the
best  of  their  knowledge and belief (having  taken  all
reasonable  care to ensure that such is  the  case),  the
information   contained  in  this  announcement   is   in
accordance  with  the facts and does  not  omit  anything
likely to affect the import of such information.

In  addition  today,  the Company has  issued  a  further
8,275,000 shares.  These shares have been placed for cash
at  12.5p each to raise £1,034,375 before expenses  which
the  Directors intend will be used to fund, in part,  the
acquisitions announced in the Interim Results released on
11 November 1999.

Application  has been made to the Alternative  Investment
Market of the London Stock Exchange for the admission  of
the  8,275,000  new ordinary shares.   The  new  ordinary
shares  will  rank pari passu with the existing  ordinary
shares of the Company and it is anticipated that dealings
will commence on 29 November 1999.


Enquiries:

Artisan (UK) plc                        01480 436666
Stephen Dean, Chairman         Mobile   [phone]

Seymour Pierce Ltd.                    0171 648 8700
Richard Feigen/Sarah Wharry

Boswell City Financial PR Ltd.         0171 583 2001
Glenda Boswell                Mobile    [phone]