Director Shareholding

Alliance Trust PLC
4 July 2001


Director's interests in securities

Name of Company                 The Alliance Trust PLC

Name of Director                Mrs Lesley M S Knox

Type of Transaction             Increase in beneficial interest following
                                purchase of shares.

Class of Security               Ordinary stock units of 25p

Name of registered holder       Mrs Lesley M S Knox

Number of stock units           100

Price per stock unit            £32.2000

Date of transaction             2nd July 2001

Date Company informed           4th July 2001

Total holdings following this   276
information

Total percentage of issued      0.001%
class

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

Name of contact                 Mrs Eliz Lee

Telephone Number                01382 201700

Date of notification            4th July 2001