RNS Number:4242R
Alvis PLC
29 October 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

15,000        27.10.2003      28.10.2003      0.014             81.5p
   981        29.10.2003      29.10.2003      0.001              118p

After the transaction the Alvis Employee Benefit Trust has an interest in
3,807,639 ordinary shares of Alvis plc representing 3.45% 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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