RNS Number:7090K
Alvis PLC
2 May 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     02.05.2003   02.05.2003        0.027            81.5p

After the transaction the Alvis Employee Benefit Trust has an interest in 
4,202,184 ordinary shares of Alvis plc representing 3.84% 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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