RNS Number:0379M
Alvis PLC
6 June 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 disposal   Date Company   % of issued      Exercise price 
Shares                        informed       class            per shares
2,500      05.06.2003         05.06.2003     0.002            118p

After the transaction the Alvis Employee Benefit Trust has an interest in
3,863,684 ordinary shares of Alvis plc representing 3.53% 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.

P E Jarman 
Company Secretary




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