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INVESTMENT TRUSTS

Artemis manages one Investment trust, the Artemis Alpha Trust plc.

This trust is invested mainly in the UK and selected international equities, with the potential for investment in limited liability hedge funds, cash and bonds, unquoted investments, derivative instruments and other investments and securities as appropriate. The investment policy could result in volatile performance (especially when measured against a broad market index such as the FTSE All-Share Index) but shareholders should view this in the context of the Company's potential for above average long term returns.

Investment Trusts are effectively companies listed on the Stock Exchange and to invest in these companies you need to purchase shares via the stock market. However, Artemis run a savings scheme, details of which are available through Artemis Fund Managers, Cassini House, 57 St James's St, London SW1A 1LD. In order to purchase shares please contact Bridgewell Securities Ltd, 3rd Floor, Old Charge House, 128 Queen Victoria Street, London EC4V 4BV or your broker.

Artemis Alpha Trust plc

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Aim

The Fund aims to achieve above average rates of total return over the longer term and to achieve a growing dividend stream.