Alliance Trust PLC : Chairman Appointment

APPOINTMENT OF CHAIRMAN

Alliance Trust PLC is delighted to announce the appointment of Karin Forseke as non-executive Chairman to succeed Lesley Knox.  Karin will join the Board of the Company on 1 March 2012 and will become Chairman on Monday 2 April 2012.

Karin Forseke currently holds a number of non-executive directorships including Deputy Chairman and Senior Independent Director of the Financial Services Authority and a non-executive director of Wallenius Lines AB. Among her previous appointments, Karin was Chief Executive Officer of D Carnegie & Co AB from 2003 to 2006 and Chief Operating Officer of the London International Financial Futures and Options Exchange (LIFFE) from 1996 to 1998, having joined the Exchange in 1993.

Lesley Knox will retire from the Board on 2 April following a handover period of approximately one month.  This follows the announcement by the Company on 20 May 2011 that she would retire as Chairman before the next AGM, which will be held in Dundee on 27 April 2012.

Commenting on the appointment, Lesley Knox said "I am delighted to welcome Karin Forseke as the next Chairman of Alliance Trust.  She has extensive experience of financial services and this, alongside her international perspective, will be invaluable as we continue to invest across the globe in order to seek value for our shareholders."

Karin Forseke has previously been a director of the following publicly-quoted companies:

• D Carnegie & Co AB (until 2006) 

• Eniro AB (until April 2011) 

There are no other matters requiring to be disclosed pursuant to Listing Rule 9.6.13.

Enquiries:

Evan Bruce-Gardyne
Head of Investor Relations,
Alliance Trust PLC
Tel: [phone]
Email: [e-mail]
Web: www.alliancetrust.co.uk

James Leviton / Clare Dundas
RLM Finsbury
Tel: [phone]
Email: [e-mail]
Web: www.rlmfinsbury.com

Notes to Editors

Alliance Trust PLC is a self-managed investment company with investment trust status. It is one of the largest generalist UK investment trusts by market value on the London Stock Exchange.

Wallenius Lines AB is through its operating companies (Wallenius Wilhelmsen Logistics, EUKOR Car Carriers, American Shipping and Logistics and United European Car Carriers) the world leading operator within the rolling cargo segment, offering car and rolling cargo customers global sea transportation services and integrated logistics solutions from factory to dealer.

The FSA regulates the financial services industry and has four objectives under the Financial Services and Markets Act 2000: maintaining market confidence; securing the appropriate degree of protection for consumers; fighting financial crime; and contributing to the protection and enhancement of the stability of the UK financial system.

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Source: Alliance Trust PLC via Thomson Reuters ONE

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