Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES                

1. IDENTITY OF THE ISSUER OR THE                                               
                                                                               
UNDERLYING ISSUER OF EXISTING SHARES                                           
                                                                               
TO WHICH VOTING RIGHTS ARE ATTACHED:            Alliance Trust PLC             
                                                                               
2. REASON FOR NOTIFICATION:                                                    
                                                                               
  a) an acquisition or disposal of voting       YES                            
  rights                                                                       
                                                                               
  b) an acquisition or disposal of              N/A                            
  financial instruments which may result                                       
  in the acquisition of shares already                                         
  issued to which voting rights are                                            
  attached                                                                     
                                                                               
  c) an event changing the breakdown of         N/A                            
  voting rights                                                                
                                                                               
  d) other                                      N/A                            
                                                                               
3. FULL NAME OF PERSON(S) SUBJECT TO THE                                       
                                                                               
NOTIFICATION OBLIGATION:                        Deutsche Bank AG               
                                                                               
4. FULL NAME OF SHAREHOLDER(S)                                                 
                                                                               
(if different from 3):                                                         
                                                                               
5. DATE OF THE TRANSACTION AND DATE ON                                         
                                                                               
WHICH THE THRESHOLD IS CROSSED OR                                              
                                                                               
REACHED:                                        15 October 2008                
                                                                               
6. DATE ON WHICH ISSUER NOTIFIED:               20 October 2008                
                                                                               
7. THRESHOLD(S) THAT IS/ARE CROSSED OR                                         
                                                                               
REACHED:                                        3%                             
                                                                               
8. NOTIFIED DETAILS:                                                           
                                                                               
  A: VOTING RIGHTS ATTACHED TO SHARES                                          
                                                                               
  CLASS/TYPE OF SHARES (ISIN Code):                      2.5p Ordinary Shares  
                                                         (GB00B11V7W98)        
                                                                               
  SITUATION PREVIOUS TO THE TRIGGERING TRANSACTION:                            
                                                                               
  - NUMBER OF SHARES                                     26,861,597            
                                                                               
  - NUMBER OF VOTING RIGHTS                              26,861,597            
                                                                               
  RESULTING SITUATION AFTER THE TRIGGERING                                     
  TRANSACTION:                                                                 
                                                                               
  - NUMBER OF SHARES (DIRECT)                            Below 3%              
                                                                               
  - NUMBER OF VOTING RIGHTS (DIRECT)                     Below 3%              
                                                                               
  - NUMBER OF VOTING RIGHTS (INDIRECT)                   N/A                   
                                                                               
  - % OF VOTING RIGHTS (DIRECT)                          Below 3%              
                                                                               
  - % OF VOTING RIGHTS (INDIRECT)                        N/A                   
                                                                               
  B: FINANCIAL INSTRUMENTS                                                     
                                                                               
  RESULTING SITUATION AFTER THE TRIGGERING                                     
  TRANSACTION:                                                                 
                                                                               
  - TYPE OF FINANCIAL INSTRUMENT:                        N/A                   
                                                                               
  - EXPIRATION DATE:                                     N/A                   
                                                                               
  - EXERCISE/CONVERSION PERIOD/DATE:                     N/A                   
                                                                               
  - NUMBER OF VOTING RIGHTS THAT MAY BE ACQUIRED IF                            
                                                                               
  THE INSTRUMENT IS EXERCISED/ CONVERTED:                N/A                   
                                                                               
  - % OF VOTING RIGHTS:                                  N/A                   
                                                                               
  TOTAL (A+B)                                                                  
                                                                               
  - NUMBER OF VOTING RIGHTS:                             Below 3%              
                                                                               
  - % OF VOTING RIGHTS:                                  Below 3%              

9. CHAIN OF CONTROLLED UNDERTAKINGS THROUGH WHICH THE VOTING RIGHTS AND/OR THE 
FINANCIAL INSTRUMENTS ARE EFFECTIVELY HELD, IF APPLICABLE:                     
                                                                               
N/A                                                                            
                                                                               
PROXY VOTING:                                                                  
                                                                               
10. NAME OF THE PROXY HOLDER:                N/A                               
                                                                               
11. NUMBER OF VOTING RIGHTS PROXY                                              
                                                                               
HOLDER WILL CEASE TO HOLD:                   N/A                               
                                                                               
12. DATE ON WHICH PROXY HOLDER WILL                                            
                                                                               
CEASE TO HOLD VOTING RIGHTS:                 N/A                               
                                                                               
13. ADDITIONAL INFORMATION:                  N/A                               
                                                                               
14. CONTACT NAME:                    David Lindsay / Andrew Anderson           
                                                                               
15. CONTACT TELEPHONE NUMBER:        [phone] / 8532                
                                                                               
16. IDENTITY OF ISSUER                                                         
                                                                               
  FULL NAME:                         Alliance Trust PLC                        
                                                                               
  CONTACT NAME:                      Donald McPherson                          
                                                                               
  CONTACT ADDRESS                    Meadow House, 64 Reform Street, Dundee,   
                                     DD1 1TJ                                   
                                                                               
  PHONE NUMBER                       [phone]