Directors' Notification of Dealing in Shares

Alliance Trust PLC
30 March 2000


DIRECTOR'S INTERESTS IN SECURITIES
----------------------------------

NAME OF COMPANY              THE ALLIANCE TRUST PLC

NAME OF DIRECTOR             MR. BRUCE W M JOHNSTON 

TYPE OF TRANSACTION          INCREASE IN BENEFICIAL INTERESTS        
                             FOLLOWING PURCHASE OF SHARES WITHIN
                             INVESTMENT 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        1,601  

PRICE PER STOCK UNIT         £31.0500

DATE OF TRANSACTION          29TH MARCH 2000

DATE COMPANY INFORMED        30TH MARCH 2000

TOTAL HOLDINGS FOLLOWING
THIS INFORMATION             17,189

TOTAL PERCENTAGE             0.03%
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         30TH MARCH 2000