Director Shareholding

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Share Name	Share Symbol	Market	Type
Allianz AG	TG:ALV	Tradegate	Ordinary Share

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	0.70	0.27%	259.50	259.50	259.60	260.50	258.50	258.70	12,481	14:18:56

Director Shareholding

14/07/2003 2:18pm

UK Regulatory

RNS Number:5184N
Alvis PLC
14 July 2003

Notifiable Interests

Alvis plc announces the following transfers of Alvis plc ordinary shares of 25p
each by the Alvis Employee Benefit Trust in order to satisfy the exercise of
options by employees under Alvis executive option schemes.

No of      Date of       Date Company      % of issued      Exercise price
Shares     disposal      informed          class            per shares

15,000     11.07.2003    11.07.2003         0.014              81.5p


After the transaction the Alvis Employee Benefit Trust has an interest in
3,844,120 ordinary shares of Alvis plc representing 3.50% of the total number of
shares in issue.

The Alvis Employee Benefit Trust is deemed to be a connected person to the Alvis
plc executive directors as they are, in common with all other Alvis employees,
potential beneficiaries of the Trust.



                      


                      This information is provided by RNS
            The company news service from the London Stock Exchange

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