Net Asset Value(s)

Artemis Alpha Trust Plc (the "Company")

As at close of business on 28 February 2017, the Net Asset Value ("NAV") per ordinary 1p share of the Company was as follows:

Net asset value per Ordinary share (undiluted)

excluding current year re

venue

343.75p

including current year revenue

346.64p

Net asset value per Ordinary share (diluted)

excluding current year revenue

343.93p

including current year revenue

346.41p

For further information, please contact:

Artemis Fund Managers Limited

Company Secretary

Telephone: 0131 225 7300

01 March 2017