Director Shareholding

Directors' interests in securities
                                 
Name of Company                  The Alliance Trust PLC
                                 
Name of Director                 Mr Gavin R Suggett
                                 
Type of Transaction              Increase in non-beneficial
                                 interest following purchase of
                                 shares (within Investment Plan
                                 pursuant to regular standing
                                 order and standing election) by
                                 two trusts of which the
                                 director is a trustee.
                                 
Class of Security                Ordinary stock units of 25p
                                 
Name of registered holder        Alliance Trust Savings Nominees
                                 Limited
                                 
Number of stock units            81
                                 
Price per stock unit             £24.4200
                                 
Date of transaction              28th May 2003
                                 
Date Company informed            29th May 2003
                                 
Total holdings following this    12,341
information

Total percentage of              0.02%
issued class                     

                                 
                                 
Name of Company                  The Alliance Trust PLC
                                 
Name of Director                 Mrs Sheila M Ruckley
                                 
Type of Transaction              Increase in beneficial interest
                                 following purchase of shares
                                 (within Investment Plan
                                 pursuant to regular standing
                                 order and standing election) by
                                 self.
                                 
Class of Security                Ordinary stock units of 25p
                                 
Name of registered holder        Alliance Trust Savings Nominees
                                 Limited
                                 
Number of stock units            2
                                 
Price per stock unit             £24.4200
                                 
Date of transaction              28th May 2003
                                 
Date Company informed            29th May 2003
                                 
Total holdings following this    1,771
information

Total percentage of              0.004%
issued class                     

                                 
                                 
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) by self.
                                 
Class of Security                Ordinary stock units of 25p
                                 
Name of registered holder        Alliance Trust Savings Nominees
                                 Limited
                                 
Number of stock units            3
                                 
Price per stock unit             £24.4200
                                 
Date of transaction              28th May 2003
                                 
Date Company informed            29th May 2003
                                 
Total holdings following this    567
information

Total percentage of issued       0.001%
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 notification     29th May 2003