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 partnership
                            shares (pursuant to regular
                            standing instruction) within The
                            Alliance Trust PLC Share Incentive
                            Plan.
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        £26.25
Date of transaction         6th April 2004
Date Company informed       6th April 2004
Total holdings following    2,885
this information
Total percentage of issued  0.006%
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 partnership
                            shares (pursuant to regular
                            standing instruction) within The
                            Alliance Trust PLC Share Incentive
                            Plan.
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        £26.25
Date of transaction         6th April 2004
Date Company informed       6th April 2004
Total holdings following    1,908
this information
Total percentage of issued  0.004%
class

Name of Company             The Alliance Trust PLC
Name of Director            Mr David A Deards
Type of Transaction         Increase in beneficial interest
                            following purchase of partnership
                            shares (pursuant to regular
                            standing instruction) within The
                            Alliance Trust PLC Share Incentive
                            Plan.
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        £26.25
Date of transaction         6th April 2004
Date Company informed       6th April 2004
Total holdings following    1,241
this information
Total percentage of issued  0.002%
class

This notification does not relate to dealings by persons
otherwise connected with the named directors.

Name of contact             Mrs Eliz Lee
Telephone Number            01382 201700
Date of notification        6th April 2004