Annual Report and Accounts

Alliance Trust PLC

ANNUAL REPORT AND ACCOUNTS

Copies of the Annual Report and Accounts and Notice of the Annual General
Meeting have been submitted to the UK Listing Authority, and will shortly be
available for inspection at the UK Listing Authority's Document Viewing
Facility, which is situated at:

Financial Services Authority      
                                  
25 North Colonnade                
                                  
Canary Wharf                      
                                  
London                            
                                  
E14 5HS                           
                                  
Tel No. [phone]      

The Annual Report and Accounts can also be viewed on the Company website at:

http://investor.alliancetrust.co.uk/