Top 10 Holdings as at 31 October 2006

Alliance Trust PLC

Alliance Trust PLC declares that its ten largest investments as at 31 October
2006 were:

Company                         Equity      Fixed      Total     % of
                              Holdings     Income   Holdings    Gross
                                 £000s   Holdings      £000s   Assets
                                            £000s                    
                                                                     
BP PLC                        79,995.7              79,995.7     2.90
                                                                     
GLAXOSMITHKLINE PLC           77,168.3              77,168.3     2.80
                                                                     
ROYAL DUTCH SHELL             68,280.7              68,280.7     2.48
                                                                     
HBOS PLC                      42,746.3   10,286.3   53,032.5     1.93
                                                                     
HSBC HOLDINGS PLC ORD $0.50   51,458.4              51,458.4     1.87
                                                                     
ALLIANCE TRUST REAL ESTATE    48,405.3              48,405.3     1.76
PARTNERSHIP                                                          
                                                                     
ROYAL BANK OF SCOTLAND        44,280.8              44,280.8     1.61
                                                                     
LLOYDS TSB GP PLC ORD 25p     41,549.4              41,549.4     1.51
                                                                     
PERSIMMON PLC                 36,970.7              36,970.7     1.34
                                                                     
BARCLAYS PLC ORD 25p          34,904.4              34,904.4     1.27

Total Gross Assets (£000s)  £2,754,031.505  

There is no single investment with a value in excess of 5% of gross assets.

Name of contact                         Mr Ian Anderson                        
                                                                               
Telephone Number                        01382 201700                           
                                                                               
Date of notification                    1 November 2006