Director Shareholding

Alliance Trust PLC
25 January 2002


Director's interests in securities

Name of Company                              The Alliance Trust PLC

Name of Director                             Mr. William Berry

Type of Transaction                          Increase in non-beneficial interest following appointment as
                                             Executor

Class of Security                            Ordinary stock units of 25p

Name of registered holder                    P O Nominees Limited Account No. 007189

Number of stock units                        4,000

Price per stock unit                         Not applicable - no market transaction

Date of confirmation of appointment as       13 November 2001
Executor

Date Company informed                        25 January 2002


Type of Transaction                          Decrease in non-beneficial interest following sale of shares
                                             by three trusts of which the director is a trustee

Class of Security                            Ordinary stock units of 25p


Name of registered holder                    1. P O Nominees Limited Account No. 007189

                                             2. P O Nominees Limited Account No. 014260

                                             3. P O Nominees Limited Account No. 014261

                                             4. P O Nominees Limited Account No. 014261

Number of stock units                        3775 (1. - 900, 2. - 1550, 3. - 1000, 4. - 325)

Price per stock unit                         1. £28.83

                                             2. £28.75

                                             3. £28.75

                                             4. £28.5625

Date of transaction                          1. 23 January 2002

                                             2. 23 January 2002

                                             3. 27 December 2001

                                             4. 31 December 2001

Date Company informed                        25 January 2002

Total holdings following this information    10,619

Total percentage of issued class             0.02%

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                         25 January 2002



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