Directors' Notification of Dealing in Shares

Alliance Trust PLC
12 May 2000


DIRECTORS' INTERESTS IN SECURITIES
----------------------------------

NAME OF COMPANY              THE ALLIANCE TRUST PLC

NAME OF DIRECTOR             MR. GAVIN R SUGGETT    

TYPE OF TRANSACTION          INCREASE IN NON-BENEFICIAL INTERESTS    
                             FOLLOWING PURCHASE OF SHARES WITHIN
                             INVESTMENT PLAN AND INCREASE IN         
                             BENEFICIAL INTERESTS FOLLOWING
                             PURCHASE BY SELF AND SPOUSE OF SHARES
                             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        48 (SELF 42, SPOUSE 2, TRUSTEE 4)

PRICE PER STOCK UNIT         £31.5000

DATE OF TRANSACTION          10TH MAY 2000

DATE COMPANY INFORMED        11TH MAY 2000

TOTAL HOLDINGS FOLLOWING
THIS INFORMATION             9,987

TOTAL PERCENTAGE             0.02%
OF ISSUED CLASS




NAME OF COMPANY              THE ALLIANCE TRUST PLC

NAME OF DIRECTOR             MR. WILLIAM BERRY    

TYPE OF TRANSACTION          INCREASE IN BENEFICIAL INTERESTS        
                             FOLLOWING PURCHASE BY SPOUSE OF SHARES
                             WITHIN PEP 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        3                          

PRICE PER STOCK UNIT         £31.5000

DATE OF TRANSACTION          10TH MAY 2000

DATE COMPANY INFORMED        11TH MAY 2000

TOTAL HOLDINGS FOLLOWING
THIS INFORMATION             26,468

TOTAL PERCENTAGE             0.05%
OF ISSUED CLASS



NAME OF COMPANY              THE ALLIANCE TRUST PLC

NAME OF DIRECTOR             MR. BRUCE W. M. JOHNSTON

TYPE OF TRANSACTION          INCREASE IN BENEFICIAL INTERESTS        
                             FOLLOWING PURCHASE OF SHARES WITHIN
                             PEP, INVESTMENT PLAN AND 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        25                          

PRICE PER STOCK UNIT         £31.5000

DATE OF TRANSACTION          10TH MAY 2000

DATE COMPANY INFORMED        11TH MAY 2000

TOTAL HOLDINGS FOLLOWING
THIS INFORMATION             17,214

TOTAL PERCENTAGE             0.03%
OF ISSUED CLASS



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   
                             OF SHARES WITHIN PEP AND 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        18 (SELF 9, SPOUSE 9)                   
      

PRICE PER STOCK UNIT         £31.5000

DATE OF TRANSACTION          10TH MAY 2000

DATE COMPANY INFORMED        11TH MAY 2000

TOTAL HOLDINGS FOLLOWING
THIS INFORMATION             163,228

TOTAL PERCENTAGE             0.32%
OF ISSUED CLASS



NAME OF COMPANY              THE ALLIANCE TRUST PLC

NAME OF DIRECTOR             MR. ALAN M W YOUNG

TYPE OF TRANSACTION          INCREASE IN BENEFICIAL INTERESTS        
                             FOLLOWING PURCHASE BY SELF OF           
                             SHARES WITHIN PEP AND SPOUSE WITHIN
                             PEP AND INVESTMENT PLAN PURSUANT TO
                             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        23 (SELF 10, SPOUSE 13)                 
      

PRICE PER STOCK UNIT         £31.5000

DATE OF TRANSACTION          10TH MAY 2000

DATE COMPANY INFORMED        11TH MAY 2000

TOTAL HOLDINGS FOLLOWING
THIS INFORMATION             1,964

TOTAL PERCENTAGE             0.004%
OF ISSUED CLASS




THIS NOTICICATION DOES NOT RELATED TO DEALINGS BY PERSONS OTHERWISE
CONNECTED WITH THE NAME DIRECTORS.

NAME OF CONTACT AND TELEPHONE NUMBER AS ABOVE.

DATE OF NOTIFICATION          12TH MAY 2000