Settlement re Living Heritage

RNS Number:4734K
Artisan (UK) PLC
28 April 2003



                                ARTISAN (UK) PLC

Artisan (UK) plc ("Artisan" or "the Company") announces that it has settled its
dispute with the Bourse Trust Company Limited ("the Bourse Trust"), former
owners of Living Heritage Holdings Limited ("Living Heritage"), arising out of
the purchase agreement for Living Heritage dated 26th May 1999.

As part of the settlement, Artisan has paid a compromised final consideration
for the Living Heritage shares comprising #90,500 in cash, two Living Heritage
properties with a book value of #352,500 and the issue of 3,000,000 Artisan
ordinary shares to the Bourse Trust. The settlement shares were issued on 25th
April 2003. Application has been made for them to be admitted to dealing on the
AIM and it is expected that admission will take place on 2nd May 2003.

The settlement of the dispute has no adverse implications for Artisan's results,
as the compromise consideration is in accordance with the provision for
acquisition costs made in the Company's accounts for the year ended 31st March
2002.




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