Director Shareholding

Directors' interests in securities

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 and dividend 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       10 (5 partnership shares, 5
                            dividend shares)

Price per stock unit        £26.59

Date of transaction         5th October 2004

Date Company informed       6th October 2004

Total holdings following    2,957
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 and dividend 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       10 (5 partnership shares, 5
                            dividend shares)

Price per stock unit        £26.59

Date of transaction         5th October 2004

Date Company informed       6th October 2004

Total holdings following    1,976
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 and dividend 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 (4 partnership shares, 1 dividend
                            share)

Price per stock unit        £26.59

Date of transaction         5th October 2004

Date Company informed       6th October 2004

Total holdings following    1,342
this information

Total percentage of issued  0.003%
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        6th October 2004