Director Shareholding

Alliance Trust PLC
29 January 2001


Director's interests in securities

Name of Company               The Alliance Trust PLC

Name of Director              Mr William Berry

Type of Transaction           Reduction in non-beneficial interests following
                              resignation as trustee

Class of Security             Ordinary stock units of 25p

Name of registered holder     Castle Street Nominees Limited

                              Account 14

Number of stock units         910

Price per stock unit          Not applicable - no transfer of shares

Date of transaction           26th January 2001

Date Company informed         26th January 2001

Total holdings following this                                            10,105
information

Total percentage of issued    0.02%
class

This notification does not relate to dealings by persons otherwise connected
with the named director.

Name of contact               Mr Ian Goddard

Telephone Number              01382 201700

Date of notification          29th January 2001