Top 10 Holdings as at 31 January 08

Alliance Trust PLC

Alliance Trust PLC declares that its ten largest investments as at 
31 January 2008 were:

                                                         Total     % of
                                                    Investment      Net
Company                                                     £m   Assets
-------                                             ----------   ------
                                                                       
ROYAL DUTCH SHELL 'B'ORD                                  81.6      3.1

ALLIANCE TRUST REAL ESTATE PARTNERSHIP                    80.1      3.0

VODAFONE GROUP ORD                                        75.9      2.8

BP ORD                                                    67.7      2.5
 
ROYAL BK SCOT GRP ORD                                     64.7      2.4

HSBC HLDGS ORD                                            51.8      1.9

RIO TINTO ORD                                             50.1      1.9

LLOYDS TSB GROUP ORD                                      50.1      1.9

XSTRATA PLC ORD                                           40.4      1.5

PREMIER ALLIANCE TRUST ASIA PACIFIC FUND                  39.9      1.5
 
There is no single investment with a value in excess of 5% of net assets.


Name of contact:        Mr Ian Anderson
Telephone Number:       [phone]
Date of notification:   4 February 2008