Alliance Trust PLC : Appointment of Alliance Tr...

COMPANY ANNOUNCEMENT

Alliance Trust PLC (the "Company")

Re: Appointment of Alliance Trust Investments Limited as Alternative Investment Fund Manager and Administrator and confirmation of Board and Company Secretary changes

Further to the announcement made by the directors of the Company (the "Directors") on 1 October 2015, the Directors wish to announce that pursuant to an agreement dated 28 January 2016 (the "Investment Management Agreement") between the Company and Alliance Trust Investments Limited ("ATI"), ATI has replaced the Company as the Investment Manager and Alternative Investment Fund Manager ("AIFM") to the Company with effect from 3 February 2016. ATI has also replaced The Bank of New York Mellon, London Branch ("BNYM") as Administrator to the Company. BNYM will continue to provide investment trust accounting services as a delegate of ATI.

ATI, a company incorporated under the Companies Act 2006 on 13 September 2007 as a private limited company in Scotland (company number SC330862), being a subsidiary of the Company, is authorised and regulated as an AIFM by the Financial Conduct Authority in the UK under the Financial Services and Markets Act 2000.

The management fee and notice period provided for in the Investment Management Agreement are as previously announced on 1 October 2015.

National Westminster Bank plc and The Bank of New York Mellon SA/NV, London branch remain as the Company's Depositary and Custodian respectively.

As previously announced, Lord Smith of Kelvin becomes Chairman of the Company and Katherine Garrett-Cox and Susan Noble have stepped down as Directors of the Company, all with effect from 3 February 2016. Susan Noble has become Chair of ATI. Katherine Garrett-Cox continues as Chief Executive Officer of ATI.  Donald McPherson, Company Secretary of the Company will retire on 31 May 2016.  He will be succeeded in that role by Lisa Brown, currently Senior Commercial Legal Counsel of the Company.

---

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Alliance Trust PLC via Globenewswire

HUG#1983579