Director Shareholding

Director's interests in securities

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 by
                            spouse

Class of Security           Ordinary stock units of 25p

Name of registered holder   Mr. David Brian Knox

Number of stock units       200

Price per stock unit        £27.30

Date of transaction         5th January 2005

Date Company informed       Partial information was received on
                            11th January 2005 (number of shares
                            acquired and by whom); price and
                            registered holder information were
                            ascertained on 17th January 2005

Total holdings following    1,244
this information

Total percentage of issued  0.003%
class



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



Name of contact             Mr Ian Goddard

Telephone Number            01382 201700

Date of notification        17th January 2005