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 shares
                            (within ISA pursuant to regular
                            standing order and standing
                            election) by self and spouse.

                            Increase in non-beneficial interest
                            following purchase of shares
                            (within investment plan pursuant to
                            regular standing order and standing
                            election) by 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       79 (2 self, 1 spouse, 76 trusts)

Price per stock unit        £26.5250

Date of transaction         25th November 2003

Date Company informed       26th November 2003

Total holdings following    13,259
this information

Total percentage of issued  0.03%
class


Name of Company             The Alliance Trust PLC

Name of Director            Mr William Berry

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

Class of Security           Ordinary stock units of 25p

Name of registered holder   Alliance Trust Savings Nominees
                            Limited

Number of stock units       3 (1 self, 2 spouse)

Price per stock unit        £26.5250

Date of transaction         25th November 2003

Date Company informed       26th November 2003

Total holdings following    3,413
this information

Total percentage of issued  0.007%
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 and Investment plan
                            pursuant to regular standing order
                            and standing election) by self.

Class of Security           Ordinary stock units of 25p

Name of registered holder   Alliance Trust Savings Nominees
                            Limited

Number of stock units       4

Price per stock unit        £26.5250

Date of transaction         25th November 2003

Date Company informed       26th November 2003

Total holdings following    1,828
this information

Total percentage of issued  0.004%
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        £26.5250

Date of transaction         25th November 2003

Date Company informed       26th November 2003

Total holdings following    2,808
this information

Total percentage of issued  0.006%
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        26th November 2003