RNS Number:2896L
Alvis PLC
19 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
Shares    disposal     informed       class           per shares

20,000    19.05.2003   19.05.2003     0.018           81.5p

 
After the transaction the Alvis Employee Benefit Trust has an interest in 
3,941,684 ordinary shares of Alvis plc representing 3.60% 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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