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).

Class of Security                    Ordinary stock units of 25p

Name of registered holder            Alliance Trust Savings Nominees
                                     Limited

Number of stock units                47

Price per stock unit                 £26.2800

Date of transaction                  20th November 2003

Date Company informed                21st November 2003

Total holdings following this        13,180
information

Total percentage of issued class     0.03%


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).

Class of Security                    Ordinary stock units of 25p

Name of registered holder            Alliance Trust Savings Nominees
                                     Limited

Number of stock units                11

Price per stock unit                 £26.2800

Date of transaction                  20th November 2003

Date Company informed                21st November 2003

Total holdings following this        724
information

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                 21st November 2003