Alpha Airports Group - Holding in Company

RNS Number:4979E
Alpha Airports Group PLC
26 January 2000


                  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 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.



6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed

369,900

8)   ( 0.20 %) of issued Class

9)   Class of security

ORDINARY SHARES OF 10 PENCE EACH

10)  Date of transaction

24 JANUARY 2000

11)  Date company informed

26 JANUARY 2000

12)  Total holding following this notification

24,095,253               
              
13)  Total percentage holding of issued class following this notification

13.58%

14)  Any additional information



15)  Name of contact and telephone number for queries

J DEEGAN  [phone]

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

     Date of Notification ......26 JANUARY 2000........




LETTER TO:  ALPHA AIRPORTS GROUP PLC

Re: S.198 Companies Act 1985: as amended by The Disclosure of Interest in
    Shares (Amendment) Regulations 1993

In accordance with the Companies Act 1985, (as amended) I write to notify you
that Phillips & Drew Life Limited has an interest in 24,095,253 ord 10p shares
of the Company. This represents 13.79% of the issued share capital of the
Company.

Below is a list of the Registered holders.

Phillips & Drew Fund Management Limited and Phillips & Drew Life Limited is a
subsidiary of Phillips & Drew Holding Limited which is also treated as having an
interest in the above shares. We are authorised to make this aggregate
disclosure on behalf of Phillips & Drew Holding Limited the registered address
of which is:

                   Triton Court
                   14 Finsbury Square
                   London EC2A 1PD

LETTER FROM:  PHILLIPS & DREW FUND MANAGEMENT LIMITED




             Total Issued Share Capital - 177,345,138

Name                                                  Quantity


CHASE NOMINEES LIMITED               A/C GMC3        1,310,371
CHASE NOMINEES LTD                   A/C MNY2          725,343
CITY OF EDINBURGH COUNCIL            A/C LTH4          343,345
PHILDREW NOMINEES LIMITED            A/C BA            259,500
PHILDREW NOMINEES LIMITED            A/C CC            587,364
PHILDREW NOMINEES LIMITED            A/C DEV           607,922
PHILDREW NOMINEES LIMITED            A/C DRG4          422,902
PHILDREW NOMINEES LIMITED            A/C EO            107,964
PHILDREW NOMINEES LIMITED            A/C HAR           170,217
PHILDREW NOMINEES LIMITED            A/C HFM            95,821
PHILDREW NOMINEES LIMITED            A/C JEF            84,375
PHILDREW NOMINEES LIMITED            A/C JFB           158,677
PHILDREW NOMINEES LIMITED            A/C JST            67,868
PHILDREW NOMINEES LIMITED            A/C LF09          541,994
PHILDREW NOMINEES LIMITED            A/C LF20       12,236,906
PHILDREW NOMINEES LIMITED            A/C MPS           865,873
PHILDREW NOMINEES LIMITED            A/C PPD           180,365
PHILDREW NOMINEES LIMITED            A/C PY             28,031
PHILDREW NOMINEES LIMITED            A/C RNL           510,040
PHILDREW NOMINEES LIMITED            A/C ROL             8,967
PHILDREW NOMINEES LIMITED            A/C SHD           169,161
PHILDREW NOMINEES LIMITED            A/C SSF           158,588
PHILDREW NOMINEES LIMITED            A/C UOE            89,746
PHILDREW NOMINEES LIMITED            A/C UOF            35,694
PHILDREW NOMINEES LIMITED            A/C PEQ           153,940
PHILDREW NOMINEES LIMITED            A/C UT21        2,934,886
PHILDREW NOMINEES LIMITED            A/C WND           270,544
PHILDREW NOMINEES LIMITED            A/C WET1          968,849
                                                     ---------
                                                    24,095,253                  
                               
                                                     ---------
                                                        13.79%


END
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