Director Shareholding

Alliance Trust PLC
26 March 2003


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 allocation of free
                                             shares within The Alliance Share Incentive Plan.
Class of Security                            Ordinary stock units of 25p
Name of registered holder                    Alliance Trust Savings Nominees Limited
Number of stock units                        48
Price per stock unit                         £22.00
Date of transaction                          25th March 2003
Date Company informed                        26th March 2003
Total holdings following this information    12,157
Total percentage of issued class             0.02%


Name of Company                              The Alliance Trust PLC
Name of Director                             Mr Alan M W Young
Type of Transaction                          Increase in beneficial interest following allocation of free
                                             shares within The Alliance Share Incentive Plan.
Class of Security                            Ordinary stock units of 25p
Name of registered holder                    Alliance Trust Savings Nominees Limited
Number of stock units                        48
Price per stock unit                         £22.00
Date of transaction                          25th March 2003
Date Company informed                        26th March 2003
Total holdings following this information    2,690
Total percentage of issued class             0.005%


Name of Company                              The Alliance Trust PLC
Name of Director                             Mrs Sheila M Ruckley
Type of Transaction                          Increase in beneficial interest following allocation of free
                                             shares within The Alliance Share Incentive Plan.
Class of Security                            Ordinary stock units of 25p
Name of registered holder                    Alliance Trust Savings Nominees Limited
Number of stock units                        48
Price per stock unit                         £22.00
Date of transaction                                                                        25th March 2003
Date Company informed                        26th March 2003
Total holdings following this information    1,647
Total percentage of issued class             0.003%

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                         26th March 2003


                      This information is provided by RNS
            The company news service from the London Stock Exchange