Directorate Change

Alliance Trust PLC announces the resignation of its Chief Executive, Alan
Harden, to take effect from a date in the Autumn yet to be agreed, following
his appointment as Chief Executive of ING Investment Management in Asia/
Pacific.

Lesley Knox, Chairman of Alliance Trust, said:

"We are very sorry that Alan is leaving us just as many of the changes he has
introduced since he became Chief Executive in 2004 are coming to fruition.
During his period of office he has led the modernisation of Alliance Trust,
recruiting Katherine Garrett-Cox who as Chief Investment Officer is
revitalising the investment process, and also growing our financial services
business, Alliance Trust Savings, which has increased substantially both in
customer numbers and revenue under his leadership. We thank him for his
enormous contribution and wish him well in this next phase of his career."

Alan Harden said:

"I have enjoyed my time with Alliance Trust enormously. However having created
a sound platform for the Company's future and put in place a strong management
team which I am confident will take Alliance Trust forward the time is right
for me to take up this challenging new role. I wish Alliance Trust every
success in the future."

Contact: Amy Fisher, Managing Director Corporate Communications

0207 496 1422 (Direct)

07918 766490 (Mobile)