Alliance Trust PLC : Receipt of Requisition Notice

13 March 2012

Alliance Trust PLC

Receipt of Requisition Notice

The Board of Alliance Trust PLC (the "Company") hereby announces that on 12 March 2012 it received a notice from funds managed by Laxey Partners Ltd ("Laxey"). This notice requires the following ordinary resolution to be put to shareholders at the forthcoming Annual General Meeting on 27 April 2012:

"that the Directors shall, as soon as practicable following the passing of this resolution, conduct a comprehensive review of the Company to determine what steps can be taken to improve the management of the Company's affairs (in terms of addressing the investment performance of the Company and the discount at which the Company's ordinary shares trade to their net asset value). This review should include the possibility of externalising the investment management of the Company's portfolio and should also bring forward proposals which would enable shareholders who wish to sell their ordinary shares, to do so at a price which more closely reflects net asset value."

The Company's Annual Report and Accounts and Notice of Annual General Meeting is being sent to shareholders this week.  A separate circular containing details of this requisition and the Company's responses will be sent to shareholders shortly.

The Board advises shareholders to take no action at this time.

Enquiries:

Alliance Trust PLC:

Evan Bruce-Gardyne       07501 500243

For all media enquiries:

Finsbury Group:      

James Leviton         020 7251 3801

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Source: Alliance Trust PLC via Thomson Reuters ONE

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