Alpha Airports Group - Holding in Company

RNS No 4616m
ALPHA AIRPORTS GROUP PLC
4 October 1999



                    DEALINGS BY SUBSTANTIAL SHAREHOLDERS

1)  NAME OF COMPANY

          Alpha Airports Group plc

2)  NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

          Philips & Drew Fund Management Limited and Phillips & Drew
          Life Limited

3)  Please state whether notification indicates that it is in respect of holding
    of the Shareholder named in 2 above or in respect of a non-beneficial
    interest or in the case of an individual holder if it is a holding of that
    person's spouse or children under the age of 18

          Non-beneficial

4)  Name of the registered holder(s) and, if more than one holder, the number of
    shares held by each of them.

          See below

5)  Number of shares/amount of stock acquired.

          84,388

6)  (0.048%) of issued Class

7)  Number of shares/amount of stock disposed

          n/a

8)  ( N/A %) of issued Class

9)  Class of security

          Ordinary shares of 10 pence each
          
10) Date of transaction

          30 September 1999

11) Date company informed

          4 October 1999

12) Total holding following this notification

          22,570,021

13) Total percentage holding of issued class following this notification

          13.04%
          
14) Any additional information

          n/a

15) Name of contact and telephone number for queries

          N S Lowe  [phone]

16) Name and signature of authorised company official responsible for making
    this notification

    Date of Notification.......4 October 1999...


                        Alpha Airports Group Plc
                 Total Issued Share Capital - 173,010,276

Name                                                         Quantity

Chase Nominees Limited                  A/C GMC3              117,539
Chase Nominees Ltd                      A/C MNY2              711,232
City of Edinburgh Council               A/C LTH4              336,666
Phildrew Nominees Limited               A/C CC                575,937
Phildrew Nominees Limited               A/C DEV               596,095
Phildrew Nominees Limited               A/C DRG4              414,675
Phildrew Nominees Limited               A/C EO                105,864
Phildrew Nominees Limited               A/C GWY               192,757
Phildrew Nominees Limited               A/C HAR               166,906
Phildrew Nominees Limited               A/C HFM                65,771
Phildrew Nominees Limited               A/C HFM2               28,187
Phildrew Nominees Limited               A/C JEF                84,375
Phildrew Nominees Limited               A/C JFB               155,590
Phildrew Nominees Limited               A/C HR                171,000
Phildrew Nominees Limited               A/C JST                66,548
Phildrew Nominees Limited               A/C LF09              508,211
Phildrew Nominees Limited               A/C LF20           11,340,987
Phildrew Nominees Limited               A/C MPS               800,000
Phildrew Nominees Limited               A/C PPD               176,856
Phildrew Nominees Limited               A/C PY                 27,486
Phildrew Nominees Limited               A/C RNL               500,118
Phildrew Nominees Limited               A/C ROL                 8,793
Phildrew Nominees Limited               A/C SHD               165,870
Phildrew Nominees Limited               A/C SSF               155,503
Phildrew Nominees Limited               A/C UOE                88,000
Phildrew Nominees Limited               A/C UOF                35,000
Phildrew Nominees Limited               A/C PEQ               177,812
Phildrew Nominees Limited               A/C WND               265,281
Phildrew Nominees Limited               A/C YB                460,686
State Street Nominees Limited 
A/C JD18                                A/C WET1              950,000
Talbot Nominees Limited                 A/C UT21            3,120,276
                                                          ------------
                                                           22,570,021
                                                          ============
                                                               13.04%
END

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