RNS Number:9130K
Alvis PLC
9 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

65,000     08.05.2003    08.05.2003         0.059           81.5p

After the transaction the Alvis Employee Benefit Trust has an interest in 
4,137,184 ordinary shares of Alvis plc representing 3.78% 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 director 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

RDSALMBTMMAMBBJ