Directors' Dealings

Alliance Trust PLC
27 January 2000

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        56

PRICE PER STOCK UNIT         £30.9000

DATE OF TRANSACTION          26TH JANUARY 2000

DATE COMPANY INFORMED        27TH JANUARY 2000

TOTAL HOLDINGS FOLLOWING
THIS INFORMATION             9,669

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        27TH JANUARY 2000