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 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       10

Price per stock unit        £28.3000

Date of transaction         22nd February 2005

Date Company informed       23rd February 2005

Total holdings following    1,273
this information

Total percentage of issued  0.003%
class



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



Name of contact             Mr Ian Goddard

Telephone Number            01382 201700

Date of notification        23rd February 2005