Directors' Notification of Dealing in Shares

Alliance Trust PLC
28 June 2000


DIRECTORS' INTERESTS IN SECURITIES
----------------------------------

NAME OF COMPANY              THE ALLIANCE TRUST PLC

NAME OF DIRECTOR             MR. ANDREW F. THOMSON  

TYPE OF TRANSACTION          INCREASE IN BENEFICIAL INTERESTS        
                             FOLLOWING PURCHASE OF SHARES BY SELF    
                             AND SPOUSE WITHIN PEP AND ISA 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        4 (2 SELF, 2 SPOUSE)

PRICE PER STOCK UNIT         £31.2400

DATE OF TRANSACTION          27TH JUNE 2000

DATE COMPANY INFORMED        28TH JUNE 2000

TOTAL HOLDINGS FOLLOWING
THIS INFORMATION             163,232

TOTAL PERCENTAGE             0.32%
OF ISSUED CLASS




NAME OF COMPANY              THE ALLIANCE TRUST PLC

NAME OF DIRECTOR             MR. ALAN M. W. YOUNG  

TYPE OF TRANSACTION          INCREASE IN BENEFICIAL INTERESTS        
                             FOLLOWING PURCHASE OF SHARES BY SELF    
                             AND SPOUSE WITHIN PEP 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        2 (1 SELF, 1 SPOUSE)

PRICE PER STOCK UNIT         £31.2400

DATE OF TRANSACTION          27TH JUNE 2000

DATE COMPANY INFORMED        28TH JUNE 2000

TOTAL HOLDINGS FOLLOWING
THIS INFORMATION             1,966

TOTAL PERCENTAGE             0.004%
OF ISSUED CLASS




THIS NOTIFICATION DOES NOT RELATE TO DEALINGS BY PERSONS OTHERWISE
CONNECTED WITH THE NAMED DIRECTORS..

NAME OF CONTACT AND TELEPHONE NUMBER AS ABOVE.

DATE OF NOTIFICATION          28TH JUNE 2000