Director Shareholding

Alliance Trust PLC
03 January 2003


Directors' interests in securities


Name of Company                              The Alliance Trust PLC

Name of Director                             Mr David A. Deards

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                        49

Price per stock unit                         £23.0500

Date of transaction                          2nd January 2003

Date Company informed                        3rd January 2003

Total holdings following this information    1,039

Total percentage of issued class             0.002%





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                        6

Price per stock unit                         £23.0500

Date of transaction                          2nd January 2003

Date Company informed                        3rd January 2003

Total holdings following this information    498

Total percentage of issued class             0.001%



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                         3rd January 2003


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            The company news service from the London Stock Exchange