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
                            (within 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       3

Price per stock unit        £27.1000

Date of transaction         30th December 2004

Date Company informed       31st December 2004

Total holdings following    1,036
this information

Total percentage of issued  0.002%
class



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



Name of contact             Ms. Amanda Bowler

Telephone Number            01382 201700

Date of notification        31st December 2004