Director Shareholding

Alliance Trust PLC
02 January 2003


The Alliance Trust PLC

Further to our announcement of 22 November 2002, Mr. David Alun Deards has now
taken up the position of Finance Director with effect from 1 January 2003.

As at 1 January 2003 Mr. Deards is the beneficial owner of 990 ordinary stock
units of 25p.


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