Alpha Airports Group - Holding in Company

RNS No 4941c
ALPHA AIRPORTS GROUP PLC


                    DEALINGS BY SUBSTANTIAL SHAREHOLDERS

1)  NAME OF COMPANY

    ALPHA AIRPORTS GROUP PLC

2)  NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

    PHILIPS & 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.

    460,686

6)  0.266% 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

    1 OCTOBER 1999

11) Date company informed

    4 OCTOBER 1999

12) Total holding following this notification

    12,309,884

13) Total percentage holding of issued class following this notification

    7.11%

14) Any additional information

    IN PREVIOUS NOTIFICATIONS, PHILIPS & DREW LIFE LTD'S INTERESTS HAVE BEEN
    INCLUDED WITH THAT OF PHILIPS & DREW FUND MANAGEMENT LTD

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

PHILDREW NOMINEES LIMITED                   A/C LF09               508,211
PHILDREW NOMINEES LIMITED                   A/C LF20            11,801,673
                                                                ----------
                                                                12,309,884
                                                                ----------
                                                                     7.11%

END

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