Miscellaneous Appointment of Head of Equity Inv...

The Alliance Trust PLC

Appointment of Head of Equity Investment

The Alliance Trust PLC will be releasing the following press release this
morning:


GRANT LINDSAY APPOINTED HEAD OF EQUITIES

The  Alliance Trusts have announced today (Wednesday) the appointment  of  Grant
Lindsay as Head of Equities.

Lindsay,  54,  is  Senior  Investment  Manager  at  the  Trusts,  with   special
responsibility  for  Global Sector coverage including the oil  and  gas  sector,
mining  and  investment  companies and for Japan,  the  Far  East  and  emerging
markets.

He  has  been  with the Trusts since 1971 and during his investment  career  has
covered all the geographical regions invested in by the companies.

Lindsay  has  spearheaded  the Trusts' investment in China  that  has  seen  the
companies'  exposure  to  Greater  China increase  to  5.2%  of  its  investment
portfolio. Lindsay is also responsible for monitoring the companies' oil and gas
royalties  business  in  Texas and Oklahoma and contributes  to  the  companies'
investor relations efforts.

Alan  Harden,  Chief  Executive  of  the  Trusts,  said,  "Grant  has  an  acute
understanding of the markets that comes of years of hands-on experience  in  all
the  regions and sectors where we invest. I'm delighted that he has accepted the
responsibility of directing our equity investments."

The  Trusts are two self-managed investment trusts, The Alliance Trust  PLC  and
The Second Alliance Trust PLC, which are both ranked in the top 20 UK investment
trusts by assets. Between them, the Trusts manage approximately £2bn of assets.

The Trusts also announced that Colin Beveridge, Chief Investment Manager, is  to
leave  the  companies to pursue other career options.  Commenting on this,  Alan
Harden  added  "We  are  disappointed  that  Colin  is  leaving.   He  has  been
instrumental  in the recent developments of both the Investment  Department  and
our Investment priorities.  We wish him well for the future."


For more information please contact:

Jane Holligan, Media Relations Manager   --     [phone]