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 beneficial interest
                              following purchase of partnership
                              shares (pursuant to regular standing
                              instruction) within The Alliance Trust
                              PLC Share Incentive Plan.

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          £27.2500

Date of transaction           4th November 2003

Date Company informed         4th November 2003

Total holdings following      13,133
this information

Total percentage of issued    0.03%
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 partnership
                              shares (pursuant to regular standing
                              instruction) within The Alliance Trust
                              PLC Share Incentive Plan.

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          £27.2500

Date of transaction           4th November 2003

Date Company informed         4th November 2003

Total holdings following      2,807
this information

Total percentage of issued    0.006%
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 partnership
                              shares (pursuant to regular standing
                              instruction) within The Alliance Trust
                              PLC Share Incentive Plan.

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          £27.2500

Date of transaction           4th November 2003

Date Company informed         4th November 2003

Total holdings following      1,824
this information

Total percentage of issued    0.004%
class


Name of Company             The Alliance Trust PLC

Name of Director            Mr David A Deards

Type of Transaction         Increase in beneficial interest following
                            purchase of partnership shares (pursuant
                            to regular standing instruction) within
                            The Alliance Trust PLC Share Incentive
                            Plan.

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        £27.2500

Date of transaction         4th November 2003

Date Company informed       4th November 2003

Total holdings following    1,135
this information

Total percentage of issued  0.002%
class


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



Name of contact             Mr Ian Goddard

Telephone Number            01382 201700

Date of notification        4th November 2003