Top 10 Holdings as at 31 October 2007

Alliance Trust PLC

Alliance Trust PLC declares that its ten largest investments as at 
31 October 2007 were:

                                                         Total     % of
                                                    Investment      Net
Company                                                     £m   Assets
-------                                             ----------   ------
                                                                       
ROYAL BK SCOT GRP                                         95.5      3.1

ALLIANCE TRUST REAL ESTATE PARTNERSHIP                    91.2      3.0

ROYAL DUTCH SHELL 'B'                                     89.9      2.9

BP                                                        81.4      2.7
 
VODAFONE GROUP                                            71.0      2.3

HSBC HLDGS                                                63.5      2.1

TESCO                                                     44.1      1.4

LLOYDS TSB GROUP                                          42.4      1.4

PREMIER PORTFOLIO PREM ALLIANCE TST ASIA PAC              41.3      1.3

BHP BILLITON PLC                                          41.1      1.3
 
There is no single investment with a value in excess of 5% of net assets.


Name of contact:        Mr Ian Anderson
Telephone Number:       [phone]
Date of notification:   2 November 2007