RNS Number:5144L
Alpha Airports Group PLC
23 May 2003


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     ALPHA AIRPORTS GROUP PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     UBS GLOBAL ASSET MANAGEMENT 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.

     PHILDREW NOMINEES LIMITED LF09          325,794
     PHILDREW NOMINEES LIMITED LF20        8,220,251
     


5)   Number of shares/amount of stock acquired.



6)   (N/A%) of issued Class


7)   Number of shares/amount of stock disposed

     1,518,283

8)   (0.886%) of issued Class


9)   Class of security

     ORDINARY SHARES OF 10 PENCE EACH

10)  Date of transaction



11)  Date company informed

     23 MAY 2003


12)  Total holding following this notification

     8,546,045
               
13)  Total percentage holding of issued class following this notification

     4.988%

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  


     Date of Notification        23 MAY 2003


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

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