Directors' Dealings

Alliance Trust PLC
1 December 1999

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

NAME OF DIRECTOR             MR. ALAN M. W. YOUNG   

TYPE OF TRANSACTION          PURCHASE (SELF THROUGH THE ALLIANCE
                             PERSONAL EQUITY PLAN)

CLASS OF SECURITY            ORDINARY STOCK UNITS OF 25P

NAME OF REGISTERED HOLDER    ALLIANCE TRUST SAVINGS NOMINEES LIMITED

NUMBER OF STOCK UNITS        1

PRICE PER STOCK UNIT         £32.1400

DATE OF TRANSACTION          30TH NOVEMBER 1999

DATE COMPANY INFORMED        1ST DECEMBER 1999

TOTAL HOLDINGS FOLLOWING
THIS INFORMATION             1,941

TOTAL PERCENTAGE             0.004%
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         1ST DECEMBER 1999