Directors' Notification of Dealing in Shares

Alliance Trust PLC
24 March 2000



DIRECTORS' INTERESTS IN SECURITIES
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NAME OF COMPANY              THE ALLIANCE TRUST PLC

NAME OF DIRECTOR             MR. ANDREW F THOMSON   

TYPE OF TRANSACTION          INCREASE IN BENEFICIAL INTERESTS
                             FOLLOWING PURCHASE BY SELF AND SPOUSE  
                             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        444 (SELF 222, SPOUSE 222)              

PRICE PER STOCK UNIT         £31.3000

DATE OF TRANSACTION          23RD MARCH 2000

DATE COMPANY INFORMED        24TH MARCH 2000

TOTAL HOLDINGS FOLLOWING
THIS INFORMATION             163,210

TOTAL PERCENTAGE             0.32%
OF ISSUED CLASS



NAME OF COMPANY              THE ALLIANCE TRUST PLC

NAME OF DIRECTOR             MR. WILLIAM BERRY    

TYPE OF TRANSACTION           REDUCTION IN NON-BENEFICIAL INTERESTS
                              FOLLOWING RESIGNATION AS TRUSTEE       
 
CLASS OF SECURITY            ORDINARY STOCK UNITS OF 25P

NAME OF REGISTERED HOLDER    CASTLE STREET NOMINEES LIMITED,
                             ACCOUNT 186

NUMBER OF STOCK UNITS        450 
             
PRICE PER STOCK UNIT         NOT APPLICABLE - NO TRANSFER OF SHARES

DATE OF TRANSACTION          24TH MARCH 2000

DATE COMPANY INFORMED        24TH MARCH 2000

TOTAL HOLDINGS FOLLOWING
THIS INFORMATION             42,733

TOTAL PERCENTAGE             0.08%
OF ISSUED CLASS



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

NAME OF CONTACT AND TELEPHONE NUMBER AS ABOVE

DATE OF NOTIFICATION         24TH MARCH 2000