Net Asset Value(s)

ALLIANCE TRUST PLC

At the close of business on Monday, 9 March 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 6p
per ordinary share is 278.7 p and

2) including income after tax, interest and management expenses arising is
284.2p.

For further information, please contact:-

Ian Anderson                  
                              
Alliance Trust PLC            
                              
Tel. [phone]