Net Asset Value(s)

The Alliance Trust PLC


At the close of business on Wednesday 03 May 2006 the unaudited net asset value per ordinary share of 25p, valued on a
bid price basis, was 4181p.

Income after tax, interest and management expenses arising, but which is not included in the net asset value per
ordinary share above, was 33p per ordinary share.

For further information, please contact:-


Ian Anderson
The Alliance Trust PLC
Tel. [phone]