RNS Number:0242F
Alpha Airports Group PLC
4 February 2000



LETTER TO: COMPANY ANNOUNCEMENTS OFFICE


          NOTIFICATION OF DEALING BY SUBSTANTIAL SHAREHOLDERS 

We have received today a letter from Phillips & Drew Fund Management Limited and
Phillips & Drew Life Limited dated 2 February 2000 stating that they have a
notifiable interest in 24,665,153 ordinary shares of 10p each in the company,
representing 14.12% of the company's issued share capital.


LETTER FROM: ALPHA AIRPORTS GROUP PLC




                     DEALINGS BY SUBSTANTIAL SHAREHOLDERS

1) NAME OF COMPANY

   ALPHA AIRPORTS GROUP PLC
 

2) NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

   PHILLIPS & DREW FUND MANAGEMENT LIMITED AND PHILLIPS & 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.

   569,900


6)   (0.32%) of issued Class


7)   Number of shares/amount of stock disposed



8)   ( N/A %) of issued Class


9)   Class of security

     ORDINARY SHARES OF 10 PENCE EACH


10)  Date of transaction

     2 FEBRUARY 2000


11)  Date company informed

     3 FEBRUARY 2000          


12)  Total holding following this notification

     24,665,153


13)  Total percentage holding of issued class following this notification

     14.12%


14)  Any additional information



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

    Date of Notification......... 3 FEBRUARY 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 Fund Management and Phillips & Drew Life Limited have an
interest in 24,665,153 ord 10p shares of the Company. This represents 14.12% of
the issued share capital of the Company.

Below is a list of the Registered holders.

Phillips & Drew Fund Management Limited and Phillips & Drew Life Limited are
subsidiaries 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

LETTER FROM PHILLIPS & DREW FUND MANAGEMENT LIMITED

              Total Issued Share Capital - 174,676,555

Name                                                  Quantity
CHASE NOMINEES LIMITED            A/C GMC3           1,310,371
CHASE NOMINEES LIMITED            A/C MNY2             725,343
CITY OF EDINBURGH COUNCIL         A/C LTH4             343,345
PHILDREW NOMINEES LIMITED         A/C BA               259,500
PHILDREW NOMINEES LIMITED         A/C CC               587,364
PHILDREW NOMINEES LIMITED         A/C DEV              607,922
PHILDREW NOMINEES LIMITED         A/C DRG4             422,902
PHILDREW NOMINEES LIMITED         A/C EO               107,964
PHILDREW NOMINEES LIMITED         A/C HAR              170,217
PHILDREW NOMINEES LIMITED         A/C HFM               95,821
PHILDREW NOMINEES LIMITED         A/C JEF               84,375
PHILDREW NOMINEES LIMITED         A/C JFB              158,677
PHILDREW NOMINEES LIMITED         A/C JST               67,868
PHILDREW NOMINEES LIMITED         A/C LF09             541,994
PHILDREW NOMINEES LIMITED         A/C LF20          12,756,806
PHILDREW NOMINEES LIMITED         A/C MPS              915,873
PHILDREW NOMINEES LIMITED         A/C PPD              180,365
PHILDREW NOMINEES LIMITED         A/C PY                28,031
PHILDREW NOMINEES LIMITED         A/C RNL              510,040
PHILDREW NOMINEES LIMITED         A/C ROL                8,967
PHILDREW NOMINEES LIMITED         A/C SHD              169,161
PHILDREW NOMINEES LIMITED         A/C SSF              158,588
PHILDREW NOMINEES LIMITED         A/C UOE               89,746
PHILDREW NOMINEES LIMITED         A/C UOF               35,694
PHILDREW NOMINEES LIMITED         A/C PEQ              153,940
PHILDREW NOMINEES LIMITED         A/C UT21           2,934,886
PHILDREW NOMINEES LIMITED         A/C WND              270,544
STATE STREET NOMINEES LIMITED     A/C JD18  A/C WET1   968,849

                                                     ---------
                                                    24,665,153
                                                     ---------
                                                        14.12%



LETTER TO: COMPANY ANNOUNCEMENTS OFFICE

          NOTIFICATION OF DEALING BY SUBSTANTIAL SHAREHOLDERS 

We have received today a letter from Harrods Limited dated 31 January 2000
stating that they have a notifiable interest in 46,616,666 ordinary shares of
10p each in the company, representing 26.68% of the company's issued share
capital.


LETTER FROM: ALPHA AIRPORTS GROUP PLC




                     DEALINGS BY SUBSTANTIAL SHAREHOLDERS

1) NAME OF COMPANY

   ALPHA AIRPORTS GROUP PLC
 

2) NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

   HARRODS 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.

   HARRODS LIMITED


5) Number of shares/amount of stock acquired.

   


6)   (    %) of issued Class


7)   Number of shares/amount of stock disposed

     46,616,666


8)   (26.68%) of issued Class


9)   Class of security

     ORDINARY SHARES OF 10 PENCE EACH


10)  Date of transaction

     28 JANUARY 2000


11)  Date company informed

     3 FEBRUARY 2000          


12)  Total holding following this notification

     0 (ZERO)


13)  Total percentage holding of issued class following this notification

     0.00%


14)  Any additional information



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



    Date of Notification......... 3 FEBRUARY 2000 .....................



END
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