RNS Number:5894O
Inter-Alliance Group PLC
12 August 2003



                    Inter-Alliance Group PLC ("the Company")
                                        
                                        
                          Directors' Interest in Shares


Following completion of the Placing announced on 18 July 2003 the Company has
been informed of amended interests in the ordinary share capital of the Company
by the following directors who participated in the Placing:


Name of    Number of         Number of Ordinary  Number of         Percentage of
Director   Ordinary Shares   Shares acquired in  Ordinary Shares   issued share
           before the        the Placing         After the         capital
           Placing                               Placing

Keith                    0           6,250,000         6,250,000          0.69
Carby

Philip           1,314,165           3,750,000         5,064,165          0.56
Lockyer

Steven                   0           2,500,000         2,500,000          0.28
Hartley

Vincent          1,295,760           5,000,000         6,295,760          0.70
Isaacs







                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
RDSGUUWWRUPWGCP