Net Asset Value(s)

ALLIANCE TRUST PLC

At the close of business on Wednesday 16 September 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
5.0p per ordinary share is 367.0p and

2) including income after tax, interest and management expenses arising is 372.0p.

For further information, please contact:-

Ian Anderson                  
                              
Alliance Trust PLC            
                              
Tel. [phone]