RNS Number:8125Q
Alvis PLC
13 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

13,000      09.10.2003     10.10.2003       0.012           #1.18
 
 
After the transaction the Alvis Employee Benefit Trust has an interest in
3,823,620 ordinary shares of Alvis plc representing 3.47% 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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