Director Shareholding

Alliance Trust PLC
28 December 2001


Directors' interests in securities

Name of Company            The Alliance Trust PLC

Name of Director           Mr Gavin R. Suggett

Type of Transaction        Increase in non-beneficial interest following        
                           purchase of shares (within Investment Plan pursuant  
                           to regular standing order and standing election) in  
                           two trusts of which the director is a trustee.

Class of Security          Ordinary stock units of 25p

Name of registered holder  Alliance Trust Savings Nominees Limited

Number of stock units      70

Price per stock unit       £28.7000

Date of transaction        27 December 2001

Date Company informed      28 December 2001

Total holdings following   12,177
this information

Total percentage           0.02%
of issued class


Name of Company            The Alliance Trust PLC

Name of Director           Mr Alan M W Young

Type of Transaction        Increase in beneficial interest following purchase of
                           shares (within PEP pursuant to regular standing order
                           and standing election) by spouse.

Class of Security          Ordinary stock units of 25p

Name of registered holder  Alliance Trust Savings Nominees Limited

Number of stock units      1

Price per stock unit       £28.7000

Date of transaction        27 December 2001

Date Company informed      28 December 2001

Total holdings following   2,480
this information

Total percentage of        0.005%
issued class


Name of Company            The Alliance Trust PLC

Name of Director           Mrs Sheila M Ruckley

Type of Transaction        Increase in beneficial interest following purchase of
                           shares (within PEP pursuant to regular standing order
                           and standing election).

Class of Security          Ordinary stock units of 25p

Name of registered holder  Alliance Trust Savings Nominees Limited

Number of stock units      1

Price per stock unit       £28.7000

Date of transaction        27 December 2001

Date Company informed      28 December 2001

Total holdings following   1,428
this information

Total percentage of issued 0.003%
class

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

Name of contact      Mrs E Lee

Telephone Number     01382 201700

Date of notification 28 December 2001