Director Shareholding

Alliance Trust PLC
1 December 2000


Directors' interests in securities
Name of Company      The Alliance Trust PLC
Name of Director     Mr Bruce W. M. Johnston
Type of Transaction  Increase in beneficial interest following purchase of
                     shares (within PEP pursuant to regular standing order and
                     standing election).
Class of Security    Ordinary stock units of 25p
Name of registered   Alliance Trust Savings Nominees Limited
holder
Number of stock      1
units
Price per stock unit £32.6500
Date of transaction  30th November 2000
Date Company         1st December 2000
informed
Total holdings       17,229
following this
information
Total percentage of  0.03%
issued class


Name of Company     The Alliance Trust PLC
Name of Director    Mr Andrew F Thomson
Type of Transaction Increase in beneficial interest following purchase of
                    shares by self and spouse (within PEP pursuant to regular
                    standing order and standing election).
Class of Security   Ordinary stock units of 25p
Name of registered  Alliance Trust Savings Nominees Limited
holder
Number of stock     2 (1 self, 1 spouse)
units
Price per stock     £32.6500
unit
Date of transaction 30th November 2000
Date Company        1st December 2000
informed
Total holdings      163,244
following this
information
Total percentage of 0.32%
issued class

This notification does not relate to dealings by persons otherwise connected
with the named directors.

Name of contact     Mr Ian Goddard
Telephone Number    01382 201700
Date of             1st December 2000
notification