Directors' Dealings

Alliance Trust PLC
7 February 2000


DIRECTOR'S INTERESTS IN SECURITIES
----------------------------------

NAME OF COMPANY          THE ALLIANCE TRUST PLC

NAME OF DIRECTOR         MR. WILLIAM BERRY

TYPE OF TRANSACTION      REDUCTION IN NON BENEFICIAL INTERESTS (AS
                         TRUSTEE) FOLLOWING RESIGNATION AS TRUSTEE IN
                         TWO SEPARATE TRUSTS

CLASS OF SECURITY        ORDINARY STOCK UNITS OF 25P

NAME OF REGISTERED       (1) CASTLE STREET NOMINEES LIMITED ACCOUNT  
                             952
HOLDERS                  AND
                         (2) CASTLE STREET NOMINEES LIMITED ACCOUNT  
                             1008

NUMBER OF STOCK UNITS    (1) 310
                         (2) 600

PRICE PER STOCK UNIT     NOT APPLICABLE - NO TRANSFER OF SHARES

DATE OF TRANSACTION      4 FEBRUARY 2000

DATE COMPANY INFORMED    4 FEBRUARY 2000

TOTAL HOLDINGS
FOLLOWING THIS
INFORMATION              50,935

TOTAL PERCENTAGE OF
ISSUED CLASS             0.10%


THIS NOTIFICATION DOES NOT RELATE TO DEALINGS BY PERSONS OTHERWISE
CONNECTED WITH THE NAMED DIRECTOR, AND IN TERMS OF PARAGRAPH 10 OF
THE MODEL CODE THIS DEALING IS NOT REGARDED AS A DEALING BY THE NAMED
DIRECTOR FOR THE PURPOSES OF THE CODE.

NAME OF CONTACT AND TELEPHONE NUMBER AS ABOVE

DATE OF NOTIFICATION     7 FEBRUARY 2000