Directors' Dealings

ALLIANCE TRUST PLC
29 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          PURCHASE (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        33

PRICE PER STOCK UNIT         £29.5900

DATE OF TRANSACTION          28TH SEPTEMBER 1999

DATE COMPANY INFORMED        29TH SEPTEMBER 1999

TOTAL HOLDINGS FOLLOWING
THIS INFORMATION             9,393

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         29TH SEPTEMBER 1999