Net Asset Value(s)

ALLIANCE TRUST PLC

At the close of business on Thursday 2 July 2009, the unaudited net asset value
per ordinary share of 2.5p, valued on a bid price basis:

1) excluding income after tax, interest and management expenses arising, of
3.2p per ordinary share is 313.0p and

2) including income after tax, interest and management expenses arising is
316.2p.

For further information, please contact:-

Donald McPherson              
                              
Alliance Trust PLC            
                              
Tel. [phone]