RNS Number:1130K
Alvis PLC
16 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     15.04.2003     15.04.2003       0.027           81.5p


 
After the transaction the Alvis Employee Benefit Trust has an interest in 
4,234,463 ordinary shares of Alvis plc representing 3.88% 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
            The company news service from the London Stock Exchange

END
RDSIFMTTMMBBBFJ