AGM Chairman's Statement

Artisan (UK) PLC 4 September 2001 FOR IMMEDIATE RELEASE 4th September 2001 Artisan (UK) plc AGM Chairman's Statement Artisan (UK) plc, the AIM-listed house builder and property developer, held its Annual General Meeting in London today. During his opening address at the AGM, Stephen Dean, Chairman of Artisan (UK) plc made the following statement: 'On behalf of the Company, I am pleased to be able to make the following statement at this Artisan's third A.G.M. The year has begun as the Directors expected. We have also the benefit of the profit from the disposal of Bickerton and Drivers. The Company is now highly focused on residential and commercial property development and expects this year's results to once again show enhanced earnings. Due to the various development programmes, the profits will favour the back six months on probably a 40%-60% basis. The Company has reviewed the option of transferring to the Official List and has concluded that due to the loss of tax breaks and loss of executive time, this would not be in our interests at this time. The Company continues to have a progressive merger/acquisition policy and I am pleased to report that we are currently in discussions with two possible merger targets. The success of these potential mergers would substantially increase the size of Artisan and introduce some international institutions to our shareholder base'. Stephen Dean Chairman END Enquiries: Artisan (UK) plc 01480 436 666 Stephen Dean, Chairman Seymour Pierce Limited 0207 648 8700 Sarah Wharry