Net Asset Value(s)

ALLIANCE TRUST PLC

At the close of business on Wednesday 1 July 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
3.2p per ordinary share is 318.1p and

2) including income after tax, interest and management expenses arising is
321.3p. As from 1 July 2009 the dividend of 2.025p due to be paid on 31 July
2009 and the special dividend of 0.5p for the financial year ended January 2009
have been deducted from this figure.

For further information, please contact:-

Donald McPherson              
                              
Alliance Trust PLC            
                              
Tel. [phone]