Director Shareholding

Directors' interests in securities

Name of Company               The Alliance Trust PLC

Name of Director              Mr Gavin R. Suggett

Type of Transaction           Increase in beneficial interest following
                              purchase of partnership shares (pursuant
                              to regular standing instruction) within
                              The Alliance Trust PLC Share Incentive
                              Plan.

Class of Security             Ordinary stock units of 25p

Name of registered holder     Alliance Trust Savings Nominees Limited

Number of stock units         5

Price per stock unit          £26.5500

Date of transaction           2nd December 2003

Date Company informed         2nd December 2003

Total holdings following      13,264
this information

Total percentage of issued    0.03%
class



Name of Company               The Alliance Trust PLC

Name of Director              Mr Alan M W Young

Type of Transaction           Increase in beneficial interest following
                              purchase of partnership shares (pursuant
                              to regular standing instruction) within
                              The Alliance Trust PLC Share Incentive
                              Plan.

Class of Security             Ordinary stock units of 25p

Name of registered holder     Alliance Trust Savings Nominees Limited

Number of stock units         5

Price per stock unit          £26.5500

Date of transaction           2nd December 2003

Date Company informed         2nd December 2003

Total holdings following      2,813
this information

Total percentage of issued    0.006%
class


Name of Company               The Alliance Trust PLC

Name of Director              Mrs Sheila M Ruckley

Type of Transaction           Increase in beneficial interest following
                              purchase of partnership shares (pursuant
                              to regular standing instruction) within
                              The Alliance Trust PLC Share Incentive
                              Plan.

Class of Security             Ordinary stock units of 25p

Name of registered holder     Alliance Trust Savings Nominees Limited

Number of stock units         5

Price per stock unit          £26.5500

Date of transaction           2nd December 2003

Date Company informed         2nd December 2003

Total holdings following      1,833
this information

Total percentage of issued    0.004%
class


Name of Company               The Alliance Trust PLC

Name of Director              Mr David A Deards

Type of Transaction           Increase in beneficial interest following
                              purchase of partnership shares (pursuant
                              to regular standing instruction) within
                              The Alliance Trust PLC Share Incentive
                              Plan.

Class of Security             Ordinary stock units of 25p

Name of registered holder     Alliance Trust Savings Nominees Limited

Number of stock units         5

Price per stock unit          £26.5500

Date of transaction           2nd December 2003

Date Company informed         2nd December 2003

Total holdings following      1,140
this information

Total percentage of issued    0.002%
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 notification        2nd December 2003