Director Shareholding

Alliance Trust PLC
20 July 2001


Director's interests in securities
Name of Company      The Alliance Trust PLC
Name of Director     Mr Sheila M. Ruckley
Type of Transaction  Increase in beneficial interest following purchase of
                     shares (within PEP pursuant to regular standing order and
                     standing election)
Class of Security    Ordinary stock units of 25p
Name of registered   Alliance Trust Savings Nominees Limited
holder
Number of stock      4
units
Price per stock unit £30.2000
Date of transaction  19th July 2001
Date Company         20th July 2001
informed
Total holdings       1,394
following this
information
Total percentage of  0.003%
issued class

This notification does not relate to dealings by persons otherwise connected
with the named director.

Name of contact      Mr Ian Goddard
Telephone Number     01382 201700
Date of notification 20th July 2001