Alpha Airports Group - Holding in Company

RNS No 4540j
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 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.

    238,810

6)  (0.138%) 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

    23 AUGUST 1999

11) Date company informed

    24 AUGUST 1999

12) Total holding following this notification

    22,485,633

13) Total percentage holding of issued class following this notification

    12.99%

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..24 AUGUST 1999........



                        Alpha Airports Group Plc

              Total Issued Share Capital - 173,010,276

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 FRG          53,054
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 L           199,695
PHILDREW NOMINEES LIMITED                             A/C LAD         108,016
PHILDREW NOMINEES LIMITED                             A/C LAD3         62,201
PHILDREW NOMINEES LIMITED                             A/C LF06         44,447
PHILDREW NOMINEES LIMITED                             A/C LF20     11,012,933
PHILDREW NOMINEES LIMITED                             A/C MPS         600,000
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         180,812
PHILDREW NOMINEES LIMITED                             A/C UT81        581,303
PHILDREW NOMINEES LIMITED                             A/C WND         262,281
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      3,140,976
                                                                   ----------
                                                                   22,485,633 
                                                                   ----------
                                                                       12.99%  

END

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