Director Shareholding

Directors' interests in securities

Name of Company             The Alliance Trust PLC

Name of Director            Mr David Alun Deards

Type of Transaction         Increase in beneficial interest
                            following purchase of shares
                            (within Pension Plan and ISA
                            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       20

Price per stock unit        £26.9450

Date of transaction         16th November 2004

Date Company informed       17th November 2004

Total holdings following    1,375
this information

Total percentage of issued  0.003%
class


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 ISA 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       11

Price per stock unit        £26.9450

Date of transaction         16th November 2004

Date Company informed       17th November 2004

Total holdings following    1,010
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        17th November 2004