RNS Number:3621O
Alvis PLC
5 August 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

5,000      05.08.2003     05.08.2003     0.004          #1.18
2,500      01.08.2003     01.08.2003     0.002          #1.18 

After the transaction the Alvis Employee Benefit Trust has an interest in 
3,836,620 ordinary shares of Alvis plc representing 3.48% 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.


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