Holding in Company

RNS Number:7212O
Alpha Airports Group PLC
31 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)   (  %) of issued Class

7)   Number of shares/amount of stock disposed

     1,945,000

8)   (1.13%) of issued Class

9)   Class of security

     ORDINARY SHARES OF 10 PENCE EACH

10)  Date of transaction

     27 JULY 2000

11)  Date company informed

     31 JULY 2000

12)  Total holding following this notification

     11,829,534
               
              
13)  Total percentage holding of issued class following this notification

     6.88%

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 020 8580 3231

16)  Name and signature of authorised company official responsible for 
     making this notification: K ABBOTT, CHIEF EXECUTIVE OFFICER

     Date of Notification ......31 JULY 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 11,829,534 ord 10p shares
of the Company. This represents 6.88% of the issued share capital of the
Company.

Please find below a list of the Registered holders.

Phillips & Drew Life Limited is a subsidiary of UBS Asset Management Holding
(No.2) Limited which is also treated as having an interest in the above shares.
We are authorised to make this aggregate disclosure on behalf of UBS Asset
Management Holding (No. 2) Limited.

Letter from: Phillips & Drew

                           

                            Alpha Airports Group Plc

                      Total Issued Share Capital:  171,826,555


Name                                                                   Quantity

Phildrew Nominees Limited           A/C LF09                         545,279

Phildrew Nominees Limited           A/C LF20                      11,284,255

                                                                  11,829,534


                                                                       6.88%