Director Shareholding

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) by three 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                        103
                                             
Price per stock unit                         £26.4750
                                             
Date of transaction                          31st July 2003
                                             
Date Company informed                        1st August 2003
                                             
Total holdings following this information    12,694

Total percentage of issued class             0.03%
                                             
                                             
Name of Company                              The Alliance Trust PLC
                                             
Name of Director                             Mrs Lesley Knox
                                             
Type of Transaction                          Increase in beneficial interest following purchase of shares
                                             (within Pension Plan 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                        5

Price per stock unit                         £26.4750
                                             
Date of transaction                          31st July 2003
                                             
Date Company informed                        1st August 2003
                                             
Total holdings following this information    634
                                             
Total percentage of issued class             0.001%
                                             
                                             
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        1st August 2003