RNS Number:6236T
Alvis PLC
23 December 2003

Notifiable Interests

Alvis plc announces the following transfers of Alvis plc ordinary shares of 25p
each by the Alvis Employee Benefit Trust in order to satisfy the exercise of
options by employees under Alvis executive option schemes.

No. of     Date of      Date Company     % of issued   Exercise price
shares     disposal     informed         class         per shares

25,000     22.12.2003   23.12.2003       0.023         81.5p

After the transaction the Alvis Employee Benefit Trust has an interest in
3,642,440 ordinary shares of Alvis plc representing 3.30% of the total number of
shares in issue.

The Alvis Employee Benefit Trust is deemed to be a connected person to the Alvis
plc executive directors as they are, in common with all other Alvis employees,
potential beneficiaries of the Trust.


                      This information is provided by RNS
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