Director Shareholding

Directors' interests in securities

Name of Company             The Alliance Trust PLC

Name of Director            Mr Alan M W Young

Type of Transaction         Increase in beneficial interest
                            following purchase of shares
                            (within PEP pursuant to regular
                            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        £25.2300
                            
Date of transaction         3rd July 2003
                            
Date Company informed       4th July 2003
                            
Total holdings following    2,755
this information

Total percentage of issued  0.005%
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 PEP pursuant to regular
                            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        £25.2300
                            
Date of transaction         3rd July 2003
                            
Date Company informed       4th July 2003
                            
Total holdings following    1,783
this information            

Total percentage of issued  0.004%
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        4th July 2003