Directors' Notification of Dealing in Shares

Alliance Trust PLC
1 May 2000


CONTACT           MR IAN GODDARD (01382 201700)

DIRECTORS' INTERESTS IN SECURITIES
----------------------------------

NAME OF COMPANY              THE ALLIANCE TRUST PLC

NAME OF DIRECTOR             MR. GAVIN R SUGGETT    

TYPE OF TRANSACTION          INCREASE IN NON-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        24                           

PRICE PER STOCK UNIT         £30.5500

DATE OF TRANSACTION          27TH APRIL 2000

DATE COMPANY INFORMED        1ST MAY 2000

TOTAL HOLDINGS FOLLOWING
THIS INFORMATION             9,939

TOTAL PERCENTAGE             0.02%
OF ISSUED CLASS



NAME OF COMPANY              THE ALLIANCE TRUST PLC

NAME OF DIRECTOR             MR. WILLIAM BERRY    

TYPE OF TRANSACTION          REDUCTION IN NON-BENEFICIAL INTERESTS   
                             FOLLOWING RESIGNATION AS TRUSTEE

CLASS OF SECURITY            ORDINARY STOCK UNITS OF 25P

NAME OF REGISTERED HOLDER    CASTLE STREET NOMINEES LIMITED
                             ACCOUNT 32

NUMBER OF STOCK UNITS        470                          

PRICE PER STOCK UNIT         NOT APPLICABLE - NO TRANSFER OF SHARES

DATE OF TRANSACTION          28TH APRIL 2000

DATE COMPANY INFORMED        1ST MAY 2000

TOTAL HOLDINGS FOLLOWING
THIS INFORMATION             27,025

TOTAL PERCENTAGE             0.05%
OF ISSUED CLASS



THIS NOTIFICATION DOES NOT RELATE TO DEALINGS BY PERSONS OTHERWISE
CONNECTED WITH THE NAME DIRECTORS.

NAME OF CONTACT AND TELEPHONE NUMBER AS ABOVE.

DATE OF NOTIFICATION          1ST MAY 2000