Net Asset Value(s)

ALLIANCE TRUST PLC

At the close of business on Wednesday 30 December 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 2.9p
per ordinary share, is 397.9p and

2) including income after tax, interest and management expenses arising is
400.8p. As from 30 December 2009 the dividend of 2.025p due to be paid on 1
February 2010 has been deducted from this figure.

For further information, please contact:-

Ian Anderson                  
                              
Alliance Trust PLC            
                              
Tel. [phone]