Result of AGM

The Alliance Trust PLC

Annual General Meeting

At the Company's Annual General Meeting held on Friday, 29 April 2005 Mr. Gordon
McQueen were confirmed as a director by stockholders.  Mrs. Lesley Knox,
Chairman, and Mr. Alan Young were re-elected as directors.

A final dividend of 36.25p was approved, making the total for the year 71.75p.
The final dividend is payable on 3 May 2005.

All resolutions proposed at the AGM were carried on a show of hands.  Proxy
votes received were:

                                         For         Against    Withheld
1   Report and Accounts                1,906,407      2,265      3,070

2   Directors' Remuneration Report     1,854,442     25,835     25,137

3   Dividends                          1,908,845        520      2,398

4   Appointment of Gordon McQueen      1,891,540      7,533      7,075

5   Re-election of Lesley Knox         1,877,790     20,961      7,354

6   Re-election of Alan Young          1,879,799     20,591      5,577

7   Re-election of KPMG Audit Plc as   1,889,969     10,263      6,429
    Auditor

8   Remuneration of the Auditor        1,897,717      4,196      4,672

9   Conversion of Ordinary Stock       1,902,944      2,969      5,487
    into Ordinary Shares

10  Alteration to Memorandum of        1,897,183      5,400      8,110
    Association

11  Adoption of New Articles of        1,896,790      6,395      7,646
    Association

12  Cancellation & Repayment of        1,897,663      5,211      7,925
    Preference Stock

13  Equity Incentive Plan              1,809,249     58,494     36,651

14  Employee Benefit Trust             1,840,785     29,136     34,359



For further information please contact:

Mr. Ian Goddard
The Alliance Trust PLC
Tel. [phone]