RNS Number:8505J
Alvis PLC
9 April 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 share

15,000     9.04.2003   9.04.2003     0.014          81.5p

After the transaction the Alvis Employee Benefit Trust has an interest in
4,344,463 ordinary shares of Alvis plc representing 3.98% 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.

P E Jarman 
Company Secretary



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