Alliance Trust PLC : Result of AGM

27 April 2012

ALLIANCE TRUST PLC
Results of Annual General Meeting

Alliance Trust PLC announces the results of voting on the resolutions proposed at the Annual General Meeting, held earlier today in Dundee. The resolution requisitioned by Laxey Partners, resolution 13, which the Board recommended shareholders vote against, was defeated with 79.26% of the votes cast against the resolution.

Commenting on the results of the AGM, Karin Forseke, Chairman of Alliance Trust said:
"I would like to thank all our shareholders who voted and for their strong show of support for Alliance Trust. The Board puts investor interests at the heart of everything we do. We have listened to our shareholders and will continue to do so as we seek to deliver on our priority of a sustainable improvement in investment performance."

A summary of the votes cast in respect of the resolutions is set out below:

	Resolution	Votes for	%	Votes against	%	Percentage of issued share capital voted	Votes withheld
1	Report & Accounts	239,001,511	98.99	2,446,632	1.01	41.60	2,058,708
2	Directors' remuneration	213,271,368	89.23	25,733,550	10.77	41.18	4,493,371
3	Election of Mrs Consuelo Brooke	236,357,950	98.44	3,753,068	1.56	41.37	3,437,338
4	Election of Mrs Karin Forseke	226,671,587	94.46	13,297,396	5.54	41.35	3,529,074
5	Re-election of Mrs Katherine Garrett-Cox	233,870,823	97.70	5,502,998	2.30	41.25	4,163,632
6	Re-election of Mr John Hylands	237,977,087	99.01	2,379,575	0.99	41.42	3,183,955
7	Re-election of Dr Christopher Masters	233,271,627	97.07	7,033,661	2.93	41.41	3,236,585
8	Re-election of Mr Alan Trotter	237,760,196	98.91	2,613,767	1.09	41.42	3,178,499
9	Re-appointment of Deloitte LLP as Auditor	238,409,716	99.01	2,377,983	0.99	41.49	2,742,904
10	Remuneration of the Auditor	239,724,662	99.53	1,129,046	0.47	41.50	2,583,562
11	Renewal of share buy back Authority	239,491,350	98.72	3,116,325	1.28	41.80	899,734
12	Authority to hold meetings at 14 days notice	235,882,373	97.34	6,450,708	2.66	41.76	1,201,871
13	Review of the Company - externalising investment management and proposals for selling shares at a price closer to NAV	63,804,431	20.74	243,808,667	79.26	53.01	29,105,099

NOTES

In accordance with Listing Rule 9.6.2, the full text of resolutions 11 and 12, which were special resolutions, passed by the Company at its Annual General Meeting has been submitted to the National Storage Mechanism and will shortly be available for inspection at www.Hemscott.com/nsm.do

Contacts
James Leviton / Clare Dundas
RLM Finsbury
Tel: [phone]
Email:[e-mail]
Web: www.rlmfinsbury.com

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Source: Alliance Trust PLC via Thomson Reuters ONE

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