Net Asset Value(s)

Artemis Alpha Trust Plc (the "Company")

As at close of business on 23 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

342.85p

including current year revenue

345.76p

Net asset value per Ordinary share (diluted)

excluding current year revenue

343.16p

including current year revenue

345.65p

For further information, please contact:

Artemis Fund Managers Limited

Company Secretary

Telephone: 0131 225 7300

24 February 2017