Net Asset Value(s) Correction to NAV statement

The Alliance Trust PLC


Correction to NAV Statement



The announcement of NAV made at 9.42 today contained two errors: the correct NAV
on a bid basis at close of business on Thursday 9 February 2006 was 4030p per
ordinary share, and on a mid basis was 4032p per share.


The corrected announcement is as follows:


At the close of Business on Thursday 9 February 2006 the unaudited net asset
value per ordinary share of 25p, valued under UK GAAP and on bid price basis,
was 4030p

Income after tax, interest and management expenses arising, but which is not
included in the net asset value per ordinary share above, was 52p per ordinary
share.

Until and including 1 February 2006, net asset values were announced on the
basis of UK GAAP on a mid price basis excluding income.On the mid price basis
the net asset value at close of business on Thursday 9 February was 4032p per
ordinary share excluding income.


Ian Goddard
The Alliance Trust  PLC
Tel. [phone]