RNS Number:1558L
Alpha Airports Group PLC
15 May 2003

                  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                       1,233,500
     CHASE NOMINEE                                  22,997,264
     BRITISH COAL STAFF SUPERANNUATION A/C: P        1,372,000
     CHASE MANHATTAN BANK                               34,430
     IMPERIAL PENSIONS NOMINEES LIMITED              1,400,000
     MINEWORKERS' PENSION SCHEME A/C: R                695,364
     NORTRUST NOMINEES LIMITED                       1,200,000

5)   Number of shares/amount of stock acquired.



6)   (N/A%) of issued Class


7)   Number of shares/amount of stock disposed

     2,421,206

8)   (1.413%) of issued Class


9)   Class of security

     ORDINARY SHARES OF 10 PENCE EACH

10)  Date of transaction



11)  Date company informed

     14 MAY 2003

12)  Total holding following this notification

     28,932,558
                    
13)  Total percentage holding of issued class following this notification

     16.890%

14)  Any additional information

     TOTAL NUMBER OF SHARES IN ISSUE 171,303,217

15)  Name of contact and telephone number for queries

     DEBO SOKOYA (020) 8580 3391

16)  Name and signature of authorised company official responsible for 
     making this notification
     H McRAE
     COMPANY SECRETARY

     Date of Notification ........15 MAY 2003


                      This information is provided by RNS
            The company news service from the London Stock Exchange

END

HOLUVAVROORVAAR