Holding in Company

RNS Number:9919N
Alpha Airports Group PLC
17 July 2000

                  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.



6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed

89,200

8)   ( 0.05% ) of issued Class

9)   Class of security

ORDINARY SHARES OF 10 PENCE EACH

10)  Date of transaction

14 JULY 2000

11)  Date company informed

17 JULY 2000

12)  Total holding following this notification

13,774,534
               
              
13)  Total percentage holding of issued class following this notification

7.97%

14)  Any additional information

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

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 ..17 JULY 2000..

LETTER TO ALPHA AIRPORTS 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 13,774,534 ord 10p shares
of the Company.  This represents 7.97% of the issued share capital of the
Company.

Registered Holders below

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


Total Issued Share Capital - 172,826,555

Name                                        Quantity 

PHILDREW NOMINEES LIMITED     A/C LF09       545,279
PHILDREW NOMINEES LIMITED     A/C LF20     13,229,255
                                           ----------
                                           13,774,534
                                           ----------
                                                7.97%

FROM PHILLIPS & DREW