Compliance with Model Code

Artemis VCT plc (the 'Company')

Compliance with Model Code

In accordance with Listing Rule 15.5.1(4), the Directors of the Company confirm that they are satisfied that all inside information which the Directors and the Company have in the period leading up to the announcement of the half yearly financial results for the six months ended 31 March 2016 has previously been notified to a Regulated Information Service, and, therefore, the dealings referred to in Listing Rule 15.5.1 (3) are permitted.

For further information, please contact:

Artemis Fund Managers Limited

Company Secretary

Telephone: 0131 225 7300

1 April 2016