Alliance Trust PLC - Director/PDMR Shareholding

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and their Closely Associated Persons

The following person, who is closely associated with Lord Smith of Kelvin, a Non-Executive Director of Alliance Trust PLC, has purchased ordinary shares of 2.5 pence each in Alliance Trust PLC as detailed below.

Closely Associated Person of Director	Purchase date	Number of shares purchased	Price paid per share (£)	Resultant interest in shares (Director and Closely Associated Person)
Lady Alison Smith	29.11.18	8,700	7.37	30,700

The following notification, made in accordance with the requirements of the EU Market Abuse Regulation, gives further detail.

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

	Details of the person discharging managerial responsibilities/person closely associated
	Name	Lady Alison Smith
	Reason for notification
	Position/Status	Closely Associated Person of Lord Smith of Kelvin, Non-Executive Director
	Initial notification/Amendment	Initial Notification – Purchase made by manager in a discretionary account
	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
	Name	Alliance Trust PLC
	LEI	213800SZZD4E2IOZ9W55
	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
	Description of the financial instrument, type of instrument	Ordinary Shares of 2.5 pence each in Alliance Trust PLC
	Identification code	Identification code for Alliance Trust PLC shares: GB00B11V7W98
	Nature of transaction	Purchase of Ordinary Shares
	Price(s) and volume(s)	Price(s)		Volume(s)
		£	7.37	8,700
	Aggregated Information Aggregated volume Price	Not applicable – Single transaction
	Date of transaction	29 November 2018
	Place of transaction	London Stock Exchange, Main Market (XLON)

Name of contact	Ian Anderson
Telephone Number	[phone]
Date of notification	31 January 2019