Directors' Notification of Dealing in Shares

Alliance Trust PLC
9 May 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
                             FOLLOWING RESIGNATION AS TRUSTEE.

CLASS OF SECURITY            ORDINARY STOCK UNITS OF 25P

NAME OF REGISTERED HOLDERS    CASTLE STREET NOMINEES LIMITED, 
                              ACCOUNT 476

NUMBER OF STOCK UNITS         380                              
   
PRICE PER STOCK UNIT         NOT APPLICABLE - NO TRANSFER OF SHARES

DATE OF TRANSACTION          8 MAY 2000

DATE COMPANY INFORMED        9 MAY 2000     

TOTAL HOLDINGS FOLLOWING
THIS INFORMATION             26,465

TOTAL PERCENTAGE             0.05%
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         9 MAY 2000