Director Shareholding

Alliance Trust PLC
23 August 2001


Directors' interests in securities

Name of Company      The Alliance Trust PLC

Name of Director     Mr Gavin R. Suggett

Type of Transaction  Increase in beneficial interest following allocation of
                     free shares within The Alliance Trust PLC All Employee
                     Share Ownership Plan.

Class of Security    Ordinary stock units of 25p

Name of registered   Alliance Trust Savings Nominees Limited
holder

Number of stock      5
units

Price per stock unit £30.8500

Date of transaction  21st August 2001

Date Company         21st August 2001
informed

Total holdings       11,633
following this
information

Total percentage of  0.02%
issued class





Name of Company      The Alliance Trust PLC

Name of Director     Mr Alan M W Young

Type of Transaction  Increase in beneficial interest following allocation of
                     free shares within The Alliance Trust PLC All Employee
                     Share Ownership Plan.

Class of Security    Ordinary stock units of 25p

Name of registered   Alliance Trust Savings Nominees Limited
holder

Number of stock      5
units

Price per stock unit £30.8500

Date of transaction  21st August 2001

Date Company         21st August 2001
informed

Total holdings       2,440
following this
information

Total percentage of  0.005%
issued class




Name of Company      The Alliance Trust PLC

Name of Director     Mrs Sheila M Ruckley

Type of Transaction  Increase in beneficial interest following allocation of
                     free shares within The Alliance Trust PLC All Employee
                     Share Ownership Plan.

Class of Security    Ordinary stock units of 25p

Name of registered   Alliance Trust Savings Nominees Limited
holder

Number of stock      5
units

Price per stock unit £30.8500

Date of transaction  21st August 2001

Date Company         21st August 2001
informed

Total holdings       1,399
following this
information

Total percentage of  0.003%
issued class


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

Name of contact      Mr Ian Goddard

Telephone Number     01382 201700

Date of notification 23rd August 2001