Director Shareholding

Directors' interests in securities

Name of Company                                      The Alliance Trust PLC
                                                     
Name of Director                                     Mr William Berry
                                                     
Type of Transaction                                  Increase in beneficial interest following purchase of
                                                     shares (within PEP by spouse and within ISA by self and
                                                     spouse 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                                31 (13 self, 18 spouse)
                                                     
Price per stock unit                                 £26.8000
                                                     
Date of transaction                                  8th October 2003
                                                     
Date Company informed                                9th October 2003
                                                     
Total holdings following this information            3,410

Total percentage of issued class                     0.007%
                                                     
                                                     
Name of Company                                      The Alliance Trust PLC
                                                     
Name of Director                                     Mr David A Deards
                                                     
Type of Transaction                                  Increase in beneficial interest following purchase of
                                                     shares (within PEP, Pension Plan and Investment Plan
                                                     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                                12
                                                     
Price per stock unit                                 £26.8000
                                                     
Date of transaction                                  8th October 2003
                                                     
Date Company informed                                9th October 2003
                                                     
Total holdings following this information            1,130

Total percentage of issued class                     0.002%
                                                     
                                                     
Name of Company                                      The Alliance Trust PLC
                                                     
Name of Director                                     Mr Bruce W M Johnston
                                                     
Type of Transaction                                  Increase in beneficial interest following purchase of
                                                     shares (within PEP ,ISA and Investment Plan 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                                27
                                                     
Price per stock unit                                 £26.8000
                                                     
Date of transaction                                  8th October 2003
                                                     
Date Company informed                                9th October 2003
                                                     
Total holdings following this information            17,378

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 PEP and Pension Plan 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                                5
                                                     
Price per stock unit                                 £26.8000
                                                     
Date of transaction                                  8th October 2003
                                                     
Date Company informed                                9th October 2003
                                                     
Total holdings following this information            682

Total percentage of issued class                     0.001%
                                                     
                                                     
Name of Company                                      The Alliance Trust PLC
                                                     
Name of Director                                     Dr Christopher Masters
                                                     
Type of Transaction                                  Increase in beneficial interest following purchase of
                                                     shares (within Investment Plan by spouse 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                                4
                                                     
Price per stock unit                                 £26.8000
                                                     
Date of transaction                                  8th October 2003
                                                     
Date Company informed                                9th October 2003
                                                     
Total holdings following this information            503

Total percentage of issued class                     0.001%
                                                     
                                                     
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 and Investment Plan 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                                13
                                                     
Price per stock unit                                 £26.8000
                                                     
Date of transaction                                  8th October 2003
                                                     
Date Company informed                                9th October 2003
                                                     
Total holdings following this information            1,819

Total percentage of issued class                     0.004%
                                                     
                                                     
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 by self and spouse and within Pension
                                                     Plan by spouse pursuant to regular standing order and
                                                     standing election).
                                                     
                                                     Increase in non-beneficial interest following purchase of
                                                     shares (within Investment Plan pursuant to regular
                                                     standing order and standing election) by four 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                                79 (12 self, 14 spouse, 53 Trusts)
                                                     
Price per stock unit                                 £26.8000
                                                     
Date of transaction                                  8th October 2003
                                                     
Date Company informed                                9th October 2003
                                                     
Total holdings following this information            13,028

Total percentage of issued class                     0.03%
                                                     
                                                     
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 and ISA by self and spouse and within
                                                     Investment Plan by spouse 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                                31 (15 self, 16 spouse)
                                                     
Price per stock unit                                 £26.8000
                                                     
Date of transaction                                  8th October 2003
                                                     
Date Company informed                                9th October 2003
                                                     
Total holdings following this information            2,802

Total percentage of issued class                     0.006%
                                                     
                                                     
                                                     
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                                 9th October 2003