Directors' Dealings

ALLIANCE TRUST PLC
19 August 1999


DIRECTOR'S INTEREST IN SECURITIES

NAME OF COMPANY                      THE ALLIANCE TRUST PLC

NAME OF DIRECTOR                     MR WILLIAM BERRY

TYPE OF TRANSACTION                  PURCHASE (NON BENEFICIAL AS TRUSTEE)

CLASS OF SECURITY                    ORDINARY STOCK UNITS OF 25P

NAME OF REGISTERED HOLDER            RBSTB NOMINEES LIMITED

NUMBER OF STOCK UNITS                250

PRICE PER STOCK UNIT                 £30.52

DATE OF TRANSACTION                  1ST APRIL 1999

DATE COMPANY INFORMED                19TH AUGUST 1999

TOTAL HOLDINGS FOLLOWING
THIS INFORMATION                     52,952

TOTAL PERCENTAGE OF
ISSUED CLASS                         0.105%

EXPLANATION OF LATE
NOTIFICATION                         LATE NOTIFICATION BY INVESTMENT
                                             MANAGER

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.

NAME OF CONTACT AND TELEPHONE NUMBER AS ABOVE.

DATE OF NOTIFICATION                 19TH AUGUST 1999