Directors' Dealings

ALLIANCE TRUST PLC
19 August 1999



DIRECTOR'S INTEREST IN SECURITIES

NAME OF COMPANY                      THE ALLIANCE TRUST PLC

NAME OF DIRECTOR                     MR BRUCE W M JOHNSTON

TYPE OF TRANSACTION                  PURCHASE (NON BENEFICIAL AS
                                     TRUSTEE)
CLASS OF SECURITY                    ORDINARY STOCK UNITS OF 25P

NAME OF REGISTERED HOLDER            WHITEHALL CHAMBERS TRUSTEES LTD

                                     A/C SCA0061

NUMBER OF STOCK UNITS                650

PRICE PER STOCK UNIT                 £31.07

DATE OF TRANSACTION                  17TH AUGUST 1999

DATE COMPANY INFORMED                19TH AUGUST 1999

TOTAL HOLDINGS FOLLOWING
THIS INFORMATION                     15,587

THIS NOTIFICATION DOES NOT RELATE TO DEALINGS BY PERSONS OTHERWISE
CONNECTED WITH THE NAMED DIRECTOR, AND IN TERMS OF PARAGRAPH 10 OF
THE MODEL CODE THIS DEALING IS NOT REGARDED AS A DEALING BY THE NAMED
DIRECTOR FOR THE PURPOSES OF THE CODE.

CONTACT        MR IAN GODDARD (01382 201700)

DATE OF NOTIFICATION                 19TH AUGUST 1999