Director Shareholding

Alliance Trust PLC
21 September 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
                    shares by spouse (within ISA 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     47
units

Price per stock     £26.4500
unit

Date of transaction 20th September 2001

Date Company        21st September 2001
informed

Total holdings      11,749
following this
information

Total percentage of 0.02%
issued class



Name of Company     The Alliance Trust PLC

Name of Director    Mrs Sheila Monica 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     2
units

Price per stock     £26.4500
unit

Date of transaction 20th September 2001

Date Company        21st September 2001
informed

Total holdings      1,405
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             21st September 2001
notification