Holding in Company

RNS Number:5059K
Alpha Airports Group PLC
24 September 2001


                  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

     BENEFICIAL

4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

     PHILDREW NOMINEES LIMITED LF09  -   475,419
     PHILDREW NOMINEES LIMITED LF20  - 9,701,188

5)   Number of shares/amount of stock acquired.



6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed

     1,652,927

8)   (0.97%) of issued Class

9)   Class of security

     ORDINARY SHARES OF 10 PENCE EACH

10)  Date of transaction

     18 SEPTEMBER 2001

11)  Date company informed

     19 SEPTEMBER 2001

12)  Total holding following this notification

     10,176,607
               
13)  Total percentage holding of issued class following this notification

     5.96%

14)  Any additional information



15)  Name of contact and telephone number for queries

     K GRANEY - [phone]

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

     Date of Notification ..24 SEPTEMBER 2001