Distribution of Investments

THE ALLIANCE TRUST PLC

Distribution of investments as at 30 April 2006

Geographical Distribution

UK                                   56%         
                                                 
Europe                               13%         
                                                 
North America                        13%         
                                                 
Japan                                10%         
                                                 
Asia Pacific                         8%          
                                                 
Rest of the World                    0%          
                                                 
Total Assets                         100%        

Industry Distribution

Technology                              4%                      
                                                                
Financials                              31%                     
                                                                
Utilities                               3%                      
                                                                
Oil and Gas                             12%                     
                                                                
Basic Materials                         8%                      
                                                                
Industrials                             13%                     
                                                                
Consumer Goods                          8%                      
                                                                
HealthCare                              7%                      
                                                                
Consumer Services                       8%                      
                                                                
Telecommunications                      3%                      
                                                                
Fixed Income                            1%                      
                                                                
Property                                1%                      
                                                                
Other Net Assets                        1%                      
                                                                
TotalAssets                             100%                    

20 Largest Holdings at 30 April 2006 Value £m       
                                                    
BP                                   £76.5m         
                                                    
Royal Dutch Shell                    £64.2m         
                                                    
GlaxoSmithKline                      £61.6m         
                                                    
Rio Tinto                            £43.3m         
                                                    
Ishares Russell Midcap Index Fund    £37.6m         
                                                    
Vodafone                             £35.2m         
                                                    
HSBC                                 £34.7m         
                                                    
HBOS                                 £33.4m         
                                                    
Royal Bank of Scotland               £31.8m         
                                                    
Persimmon                            £29.8m         
                                                    
Barclays                             £27.5m         
                                                    
BHP Billiton                         £25.4m         
                                                    
Lloyds TSB                           £24.6m         
                                                    
Alliance Trust Savings               £24.2m         
                                                    
Alliance Trust Real Estate           £19.5m         
Partnership                                         
                                                    
Ishares Russell 2000 Index Fund      £19.5m         
                                                    
Mitsubishi UFJ Financial             £19.4m         
                                                    
Tesco                                £19.0m         
                                                    
Prudential                           £18.9m         
                                                    
Exxon Mobil                          £17.4m         
                                                    
Top 10 as a % of total assets        20.9%          
                                                    
Top 20 as a % of total assets        31.0%          

For further information, please contact:-

Ian Anderson

The Alliance Trust PLC

Tel. [phone]