Director Shareholding

Director's interests in securities

Name of Company
The Alliance Trust PLC

Name of Director
Mrs Lesley M S 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
£26.6500

Date of transaction
30th December 2003

Date Company informed
31st December 2003

Total holdings following this information

748
Total percentage of issued class

0.001%

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

Name of contact

Mrs E Lee
Telephone Number

01382 201700
Date of notification

31st December 2003