Director Shareholding

Directors' interests in securities

Name of Company             The Alliance Trust PLC

Name of Director            Mr. David A Deards

Type of Transaction         Increase in beneficial interest
                            following purchase of shares
                            (within investment plan pursuant to
                            regular standing order and standing
                            election).

Class of Security           Ordinary shares of 25p

Name of registered holder   Alliance Trust Savings Nominees
                            Limited

Number of shares            4

Price per share             £26.94

Date of transaction         11th May 2005

Date Company informed       12th May 2005

Total holdings following    1,482
this information

Total percentage of issued  0.003%
class


Name of Company             The Alliance Trust PLC

Name of Director            Mr. Alan J Harden

Type of Transaction         Increase in beneficial interest
                            following purchase of shares
                            (within investment plan pursuant to
                            regular standing order and standing
                            election).

Class of Security           Ordinary shares of 25p

Name of registered holder   Alliance Trust Savings Nominees
                            Limited

Number of shares            27

Price per share             £26.94

Date of transaction         11th May 2005

Date Company informed       12th May 2005

Total holdings following    852
this information

Total percentage of issued  0.002%
class



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
                            (within pension plan, PEP and ISA
                            pursuant to regular standing order
                            and standing election).

Class of Security           Ordinary shares of 25p

Name of registered holder   Alliance Trust Savings Nominees
                            Limited

Number of shares            22

Price per share             £26.94

Date of transaction         11th May 2005

Date Company informed       12th May 2005

Total holdings following    1,339
this information

Total percentage of issued  0.003%
class


Name of Company             The Alliance Trust PLC

Name of Director            Dr. Christopher Masters

Type of Transaction         Increase in beneficial interest
                            following purchase of shares
                            (within investment plan pursuant to
                            regular standing order and standing
                            election) by spouse.

Class of Security           Ordinary shares of 25p

Name of registered holder   Alliance Trust Savings Nominees
                            Limited

Number of shares            4

Price per share             £26.94

Date of transaction         11th May 2005

Date Company informed       12th May 2005

Total holdings following    515
this information

Total percentage of issued  0.001%
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 shares
                            (within PEP and investment plan
                            pursuant to regular standing order
                            and standing election).

Class of Security           Ordinary shares of 25p

Name of registered holder   Alliance Trust Savings Nominees
                            Limited

Number of shares            16

Price per share             £26.94

Date of transaction         11th May 2005

Date Company informed       12th May 2005

Total holdings following    2,254
this information

Total percentage of issued  0.004%
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 shares
                            (within PEP and ISA by self and
                            PEP, ISA and investment plan by
                            spouse pursuant to regular standing
                            order and standing election).

Class of Security           Ordinary shares of 25p

Name of registered holder   Alliance Trust Savings Nominees
                            Limited

Number of shares            32 (15 self, 17 spouse)

Price per share             £26.94

Date of transaction         11th May 2005

Date Company informed       12th May 2005

Total holdings following    3,113
this information

Total percentage of issued  0.006%
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        13th May 2005