SAR - Alpha Airports Group

RNS Number:7696D
Schroders PLC
17 May 2001

                                                        FORM SAR 3


                 Date of disclosure     17/05/01

                 DISCLOSURE UNDER RULE 3 OF THE RULES GOVERNING
                   SUBSTANTIAL ACQUISITIONS OF SHARES ("SARs")

                 
Date of acquisition       16/05/01

Acquisition in            ALPHA AIRPORTS GROUP PLC     (name of company)


(1) Class of voting shares    Number of shares/rights   If rights over shares
    (eg ordinary shares)      over shares acquired      acquired, as opposed
                                                        to the shares
    10p ORDINARY SHARES       100,000 SHARES            themselves, specify
                                      RIGHTS            nature of rights

  

(2) Resultant total holding   Resultant total holding   Total percentage
    of voting shares (and %   of rights over shares
    of total voting shares    (and % of total voting
    in issue)                 shares in issue)

    27,494,400 (16.119%)   ...............(    %)    .............(16.119%)


(3) Party making disclosure     SCHRODERS PLC  

(4)  (a)  Name of person acquiring shares or rights over shares 
          and, if different, beneficial owner    SCHRODERS PLC ON BEHALF OF  
                                                 INSTITUTIONAL CLIENTS ON A     
                                                 NON-BENEFICIAL BASIS
(b)  Names of any other persons acting by        
          agreement or understanding (see SAR 5)............................


Signed, for and on behalf of the party named in (3) above...................

(Also print name of signatory)             ALISON DUNN
Telephone and extension number             020 7658 2959

Note. Under SAR 5, the holdings of and acquisitions by persons acting by
agreement or understanding must be aggregated and treated as a holding of or
acquisition by one person.  Note 3 on SAR 5 requires persons who must aggregate
holdings to disclose certain disposals.

For full details of the SARs disclosure requirements, see Rules 3 and 5 of the
SARs.  If in doubt, contact the Panel on Takeovers and Mergers, 
Tel. No: 020 7382 9026.