Director Shareholding

Alliance Trust PLC
17 January 2003


Director's interests in securities

Name of Company                              The Alliance Trust PLC

Name of Director                             Mrs Lesley M S Knox

Type of Transaction                          Increase in beneficial interest following purchase of shares
                                             (within Pension Plan pursuant to regular standing order and
                                             standing election).

Class of Security                            Ordinary stock units of 25p

Name of registered holder                    Alliance Trust Savings Nominees Limited

Number of stock units                        10

Price per stock unit                         £23.4000

Date of transaction                          16th January 2003

Date Company informed                        17th January 2003

Total holdings following this information    508

Total percentage of issued class             0.001%

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                         17th January 2003


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