SAR - Alpha Airports GroupPLC

RNS Number:1314D
Schroders PLC
30 October 2002

                                                                      FORM SAR 5

Lodge with Company Announcements Office and Newstrack, if appropriate, and the
Takeover Panel. A copy must also be sent to the company the shares of which are
being sold.

Date of disclosure:     30/10/02

      DISCLOSURE UNDER NOTE 3 ON RULE 5 OF THE RULES GOVERNING SUBSTANTIAL
                        ACQUISITIONS OF SHARES ("SARs")

Date of sale     29/10/02

Sale of          Alpha Airports Group plc
                                  
1) Class of voting shares           Number of shares/rights over        If rights over shares sold, as  
   (e.g. ordinary shares)           shares sold                         opposed to the shares themselves,         
                                                                        specify nature of rights
   Ordinary 10p shares                        757,614     shares
                                                          rights


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


    32,104,503 (18.741%)                                          ( %)            18.741%


(3) Party making disclosure     Schroders plc
                                                     
4)  (a)  Name of person selling shares                 Schroders plc on behalf of institutional clients on 
         or rights over shares and, if different,      a non-beneficial basis
         beneficial owner


    (b)  Names of any other persons
         acting by agreement or understanding


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 (Direct line)

                          ___________________________


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
7638 0129.


                      This information is provided by RNS
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