RNS Number:2039E
Alpha Airports Group PLC
25 May 2001


LETTER TO: COMPANY ANNOUNCEMENTS OFFICE

LETTER DATED 24 MAY 2001


NOTIFICATION OF DEALING BY SUBSTANTIAL SHAREHOLDERS

We have received a letter from Schroder Investment Management Ltd dated 24 May
2001 stating that they have a notifiable interest in 28,491,055 ordinary shares
of 10p each in the company, representing 16.70% of the company's issued share
capital.

Please find below the form giving details of this dealing. 


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

     SCHRODER INVESTMENT MANAGEMENT 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.

     SCHRODER NOMINEES LIMITED,                     1,233,739
     CHASE NOMINEES,                               24,457,316
     NORTRUST NOMINEES LIMITED,                     1,800,000
     IMPERIAL PENSIONS NOMINEES LIMITED,            1,000,000

5)   Number of shares/amount of stock acquired.

     1,800,000

6)   (1.05%) 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

     23 MAY 2001

11)  Date company informed

     24 MAY 2001

12)  Total holding following this notification

     28,491,055
               
              
13)  Total percentage holding of issued class following this notification

     16.70%

14)  Any additional information



15)  Name of contact and telephone number for queries

     K GRANEY - (020) 8580 3214

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

     Date of Notification ...24 MAY 2001........
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