Net Asset Value(s)

ALLIANCE TRUST PLC

At the close of business on Thursday, 5 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 5p
per ordinary share is 278.9p and

2) including income after tax, interest and management expenses arising is 284.4p.

For further information, please contact:-

Donald McPherson              
                              
Alliance Trust PLC            
                              
Tel. [phone]