Alpha Airports Group - Holding in Company

RNS No 2227v
ALPHA AIRPORTS GROUP PLC


                    DEALINGS BY SUBSTANTIAL SHAREHOLDERS

1)  NAME OF COMPANY

ALPHA AIRPORTS GROUP PLC

2)  NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

LEGAL & GENERAL INVESTMENT MANAGEMENT LTD

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.

VARIOUS - SEE BELOW

5)  Number of shares/amount of stock acquired.

211,484

6)  (0.12%) 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 JULY 1999

11) Date company informed

6 JULY 1999

12) Total holding following this notification

7,091,101

13) Total percentage holding of issued class following this notification

4.12%

14) Any additional information

N/A

15) Name of contact and telephone number for queries

N.S. LOWE - 0181 580 3229

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

    Date of Notification.....9 JULY 1999........


LETTER TO: ALPHA AIRPORTS PLC

Companies Act 1985 - Disclosure of Interest in Shares

Consequent upon recent transfers into management of 211,484 shares on 1 July
1999, we now hold the following number of shares, which are not subject to a
concert party and will be registered as follows:

Material Interest

MSS Nominees Ltd A/c 775245                       702,661
MSS Nominees Ltd A/c 747381                        96,666
MSS Nominees Ltd A/c 357206                     6,203,997
MSS Nominees Ltd A/c 360509                        87,777
                                                ---------
                                                7,091,101  4.12%

Please note that this percentage is based upon our understanding that your
issued share capital is 172,000,000

LETTER FROM: Angela Hovey
             Investment Support
             LEGAL AND GENERAL INVESTMENT MANAGEMENT LIMITED

END

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