Director Shareholding

Alliance Trust PLC
5 October 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 purchase of partnership    
                                         shares (pursuant to regular standing 
                                         instruction) within The Alliance     
                                         Trust PLC All Employee Share         
                                         Ownership Plan.                      

  Class of Security                      Ordinary stock units of 25p          

  Name of registered holder              Alliance Trust Savings Nominees      
                                         Limited                              

  Number of stock units                  4                                    

  Price per stock unit                   £26.9400                             

  Date of transaction                    2nd October 2001                     

  Date Company informed                  3rd October 2001                     

  Total holdings following this          11,829                               
  information                                                                 

  Total percentage of issued class       0.02%                                
 

                                                                              
  Name of Company                        The Alliance Trust PLC               

  Name of Director                       Mr Alan M W Young                    

  Type of Transaction                    Increase in beneficial interest      
                                         following purchase of partnership    
                                         shares (pursuant to regular standing 
                                         instruction) within The Alliance     
                                         Trust PLC All Employee Share         
                                         Ownership Plan.                      

  Class of Security                      Ordinary stock units of 25p          

  Name of registered holder              Alliance Trust Savings Nominees      
                                         Limited                              

  Number of stock units                  4                                    

  Price per stock unit                   £26.9400                             

  Date of transaction                    2nd October 2001                     

  Date Company informed                  3rd October 2001                     

  Total holdings following this          2,448                                
  information                                                                 

  Total percentage of issued class       0.005%                               
 

                                                                              
  Name of Company                        The Alliance Trust PLC               

  Name of Director                       Mrs Sheila M Ruckley                 

  Type of Transaction                    Increase in beneficial interest      
                                         following purchase of partnership    
                                         shares (pursuant to regular standing 
                                         instruction) within The Alliance     
                                         Trust PLC All Employee Share         
                                         Ownership Plan.                      
  Class of Security                      Ordinary stock units of 25p          

  Name of registered holder              Alliance Trust Savings Nominees      
                                         Limited                              

  Number of stock units                  4                                    

  Price per stock unit                   £26.9400                             

  Date of transaction                    2nd October 2001                     

  Date Company informed                  3rd October 2001                     

  Total holdings following this          1,409                                
  information                                                                 

  Total percentage of issued class       0.003%                               


  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                   5th October 2001