RNS Number:0285K
Alvis PLC
14 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 per 
Shares     disposal       informed         class            shares

30,000     10.04.2003     10.04.2003       0.027            81.5p
30,000     10.04.2003     10.04.2003       0.027            117.5p
20,000     10.04.2003     10.04.2003       0.018            140.0p


After the transaction the Alvis Employee Benefit Trust has an interest in 
4,264,463 ordinary shares of Alvis plc representing 3.9% 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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