AAP Alpha Airports

RNS No 1961e
ALPHA AIRPORTS GROUP PLC
29th May 1998


                    DEALINGS BY SUBSTANTIAL SHAREHOLDERS

1)  NAME OF COMPANY

ALPHA AIRPORTS GROUP PLC

2)  NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

FIDELITY INVESTMENTS
(a) Fidelity International Limited
(b) FMR Corp

3)  Please state whether notification indicates that it is in respect of holding
    of the Shareholder named in 2 above or in respect of a non-beneficial
    interest or in the case of an individual holder if it is a holding of that
    person's spouse or children under the age of 18

NON BENEFICIAL

4)  Name of the registered holder(s) and, if more than one holder, the number of
    shares held by each of them.

VARIOUS - SEE BELOW

5)  Number of shares/amount of stock acquired.

1,772,497

6)  (1.053%) of issued Class

7)  Number of shares/amount of stock disposed

N/A

8)  ( N/A %) of issued Class

9)  Class of security

ORDINARY SHARES OF 10P EACH

10) Date of transaction

28-05-98

11) Date company informed

29-05-98

12) Total holding following this notification

13,622,571

13) Total percentage holding of issued class following this notification

8.09

14) Any additional information

N/A

15) Name of contact and telephone number for queries

N.S. LOWE - 0181 754 7600

16) Name and signature of authorised company official responsible for making
    this notification

    Date of Notification....29 MAY 1998.........


NOMINEES
NO. OF ORDINARY      MANAGEMENT COMPANY                    REGISTERED
SHARES OF 10p                                              HOLDER
--------------       ------------------                    ----------

25,000               Fidelity Management & Research        State Street
                     Company                               Nominees Ltd

500,000              Fidelity Management & Research        JPM Nominees Ltd
                     Company

832,900              Fidelity Management & Research        Chase Nominees Ltd
                     Company

140,000              FMTC                                  Iceship & Co

11,358,204           Fidelity Investment Services          Clydesdale Bank
                     Limited                               (Head Office)
                                                           Nominees Limited

9,500                Fidelity Investment Limited           MSS Nominees Ltd

756,967              Fidelity Investment Limited           Clydesdale Bank
                                                           (Head Office)
                                                           Nominees Limited


END

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