Directors' Dealings

ALLIANCE TRUST PLC
24 September 1999


DIRECTOR'S INTERESTS IN SECURITIES
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NAME OF COMPANY              THE ALLIANCE TRUST PLC

NAME OF DIRECTOR             MR. GAVIN R SUGGETT

TYPE OF TRANSACTION          SALE (NON BENEFICIAL AS TRUSTEE THROUGH
                             THE ALLIANCE INVESTMENT PLAN)

CLASS OF SECURITY            ORDINARY STOCK UNITS OF 25P

NAME OF REGISTERED HOLDER    ALLIANCE TRUST SAVINGS NOMINEES LIMITED


NUMBER OF STOCK UNITS        136

PRICE PER STOCK UNIT         £29.6900

DATE OF TRANSACTION          23RD SEPTEMBER 1999

DATE COMPANY INFORMED        24TH SEPTEMBER 1999

TOTAL HOLDINGS FOLLOWING
THIS INFORMATION             9,360

TOTAL PERCENTAGE             0.02%
OF ISSUED CLASS

THIS NOTIFICATION DOES NOT RELATE TO DEALINGS BY PERSONS OTHERWISE
CONNECTED WITH THE NAMED DIRECTOR.

NAME OF CONTACT AND TELEPHONE NUMBER AS ABOVE

DATE OF NOTIFICATION         24TH SEPTEMBER 1999