Directors' Dealings

ALLIANCE TRUST PLC
15 September 1999


DIRECTOR'S INTERESTS IN SECURITIES
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NAME OF COMPANY              THE ALLIANCE TRUST PLC

NAME OF DIRECTOR             MR. GAVIN R SUGGETT

TYPE OF TRANSACTION          PURCHASE (SPOUSE THROUGH THE ALLIANCE
                             SELECT ISA)

CLASS OF SECURITY            ORDINARY STOCK UNITS OF 25P

NAME OF REGISTERED HOLDER    ALLIANCE TRUST SAVINGS NOMINEES LIMITED


NUMBER OF STOCK UNITS        40

PRICE PER STOCK UNIT         £31.2000

DATE OF TRANSACTION          14TH SEPTEMBER 1999

DATE COMPANY INFORMED        15TH SEPTEMBER 1999

TOTAL HOLDINGS FOLLOWING
THIS INFORMATION             9,496

TOTAL PERCENTAGE             0.02%
OF ISSUED CLASS

THIS NOTIFICATION DOES NOT RELATE TO DEALINGS BY PERSONS OTHERWISE
CONNECTED WITH THE NAMED DIRECTOR.

NAME OF CONTACT AND TELEPHONE NUMBER AS ABOVE

DATE OF NOTIFICATION         15TH SEPTEMBER 1999