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 beneficial interest following
                             purchase of shares (within ISA pursuant
                             to regular standing order and standing
                             election) by spouse.
                             
Class of Security            Ordinary stock units of 25p
                             
Name of registered holder    Alliance Trust Savings Nominees Limited
                             
Number of stock units        45
                             
Price per stock unit         £27.4500XD
                             
Date of transaction          17th September 2003
                             
Date Company informed        18th September 2003
                             
Total holdings following     12,869
this information

Total percentage of issued   0.03%
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 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        1
                             
Price per stock unit         £27.4500XD
                             
Date of transaction          17th September 2003
                             
Date Company informed        18th September 2003
                             
Total holdings following     1,799
this information

Total percentage of issued   0.004%
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 ISA 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        10
                             
Price per stock unit         £27.4500XD
                             
Date of transaction          17th September 2003
                             
Date Company informed        18th September 2003
                             
Total holdings following     672
this 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         18th September 2003