Net Asset Value(s)

The Alliance Trust PLC


At the close of business on Friday, 21 April 2006, the unaudited net asset value per
ordinary share of 25p, valued on a bid price basis, was 4257p.

Income after tax, interest and management expenses arising, but which is not included in
the net asset value per ordinary share above, was 29p per ordinary share.

For further information, please contact:-


Ian Anderson
The Alliance Trust PLC
Tel. [phone]