Directors' Interests in Securities

Disclosure of directors' interest in shares


The Alliance Trust PLC

The  Alliance  Trust PLC ("the Company") has on 27th  May  2005  received
notification  from  Abacus Corporate Trustee Limited as  Trustee  of  The
Alliance  Trust PLC Employee Benefit Trust ("the Trust") (a discretionary
trust  of  which  all  employees  of  The  Alliance  Trust  PLC  and  its
subsidiaries are beneficiaries), that on 27th May 2005 2810 ordinary  25p
shares  in  the capital of the Company were purchased by Abacus Corporate
Trustee Limited on behalf of employees of the Company.

Of the shares referred to above the following were purchased on behalf of
the  executive  directors ("the Directors") of the  Company  as  detailed
below, the said shares forming part of the property of the Trust:-

Alan Harden           500

David Deards         264

Alan Young            300

Sheila Ruckley       234

Abacus Corporate Trustee Limited also acquired, on behalf of the Company,
on 27th May 2005 4,677 Ordinary 25p shares in the Company.

The  Trust  now holds a total of 7487 shares representing 0.015%  of  the
Company's issued share capital.

Each  of  the  Directors  is  a  member of  the  class  of  discretionary
beneficiaries of the Trust and is consequently deemed to have an interest
in all the shares held in the Trust.