Director Shareholding

Directors' interests in securities

Name of Company                    The Alliance Trust PLC

Name of Director                   Mr Gavin R. Suggett

Type of Transaction                Reduction in non-beneficial interest
                                   following sale of shares (within
                                   Investment Plan) by a trust of which
                                   the director is a trustee.
                                   
Class of Security                  Ordinary stock units of 25p
                                   
Name of registered holder          Alliance Trust Savings Nominees
                                   Limited
                                   
Number of stock units              249
                                   
Price per stock unit               £24.5900
                                   
Date of transaction                14th May 2003
                                   
Date Company informed              15th May 2003
                                   
Total holdings following this      12,209
information

Total percentage of issued class   0.02%                                   
                                   
Name of Company                    The Alliance Trust PLC
                                   
Name of Director                   Mrs Lesley Knox
                                   
Type of Transaction                Increase in beneficial interest
                                   following purchase of shares (within
                                   Pension Plan pursuant to regular
                                   standing order and standing
                                   election).
Class of Security                  Ordinary stock units of 25p
                                   
Name of registered holder          Alliance Trust Savings Nominees
                                   Limited
                                   
Number of stock units              9

Price per stock unit               £24.5900
                                   
Date of transaction                14th May 2003
                                   
Date Company informed              15th May 2003
                                   
Total holdings following this      564
information                        

Total percentage of issued class   0.001%
                                   
                                   
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 notification               15th May 2003