Holding(s) in Company

+------------------------------------------------------------------------------+
|TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi                               |
+------------------------------------------------------------------------------+

+----------------------------------------------+-------------------------------+
|1. Identity of the issuer or the underlying   |                               |
|issuer                                        |    The Alliance Trust PLC     |
|of existing shares to which voting rights are |                               |
|attached: ii                                  |                               |
+----------------------------------------------+-------------------------------+
|2 Reason for the notification (please tick the appropriate box or boxes):     |
+------------------------------------------------------------------+-----------+
|An acquisition or disposal of voting rights                       |    No     |
+------------------------------------------------------------------+-----------+
|An acquisition or disposal of qualifying financial instruments    |           |
|which may result in the acquisition of shares already issued to   |    No     |
|which voting rights are attached                                  |           |
+------------------------------------------------------------------+-----------+
|An acquisition or disposal of instruments with similar economic   |    Yes    |
|effect to qualifying financial instruments                        |           |
+------------------------------------------------------------------+-----------+
|An event changing the breakdown of voting rights                  |    No     |
+------------------------------------------------------------------+-----------+
|Other (please specify):                                           |    No     |
+--------------------------------------+---------------------------+-----------+
|3. Full name of person(s) subject to  | Elliott International, L.P, Liverpool |
|the                                   |            Ltd Partnership            |
|notification obligation: iii          |                                       |
+--------------------------------------+---------------------------------------+
|4. Full name of shareholder(s)        |                  N/A                  |
|(if different from 3.):iv             |                                       |
+--------------------------------------+---------------------------------------+
|5. Date of the transaction and date on|                                       |
|which the threshold is crossed or     |            25th March 2011            |
|reached: v                            |                                       |
+--------------------------------------+---------------------------------------+
|6. Date on which issuer notified:     |            29th March 2011            |
+--------------------------------------+---------------------------------------+
|7. Threshold(s) that is/are crossed or|                  3%                   |
|reached: vi, vii                      |                                       |
+--------------------------------------+---------------------------------------+

+------------------------------------------------------------------------------+
|8. Notified details:                                                          |
+------------------------------------------------------------------------------+
|A: Voting rights attached to shares viii, ix                                  |
+-----------+------------------------+-----------------------------------------+
|Class/type |Situation previous      |Resulting situation after the triggering |
|of         |to the triggering       |transaction                              |
|shares     |transaction             |                                         |
|           +------------+-----------+---------+---------------+---------------+
|if possible|Number      |Number     |Number   |Number of      |% of  voting   |
|using      |of          |of         |of shares|voting         |rights x       |
|the ISIN   |Shares      |Voting     |         |rights         |               |
|CODE       |            |Ri hts     +---------+------+--------+------+--------+
|           |            |           |Direct   |Direct|Indirect|Direct|Indirect|
|           |            |           |         |xi    |xii     |      |        |
+-----------+------------+-----------+---------+------+--------+------+--------+
|           |            |           |         |      |        |      |        |
+-----------+------------+-----------+---------+------+--------+------+--------+

+------------------------------------------------------------------------------+
|B: Qualifying Financial Instruments                                           |
+------------------------------------------------------------------------------+
|Resulting situation after the triggering transaction                          |
+---------------+-----------+-------------------+----------------+-------------+
|Type of        |Expiration |Exercise/          |Number of voting|% of voting  |
|financial      |date xiii  |Conversion Period  |rights that may |rights       |
|instrument     |           |xiv                |be              |             |
|               |           |                   |acquired if the |             |
|               |           |                   |instrument is   |             |
|               |           |                   |exercised/      |             |
|               |           |                   |converted.      |             |
+---------------+-----------+-------------------+----------------+-------------+
|               |           |                   |                |             |
+---------------+-----------+-------------------+----------------+-------------+

+------------------------------------------------------------------------------+
|C: Financial Instruments with similar economic effect to Qualifying Financial |
|Instruments xv, xvi                                                           |
+------------------------------------------------------------------------------+
|Resulting situation after the triggering transaction                          |
+--------------+---------+----------+----------+----------------+--------------+
|Type of       |Exercise |Expiration|Exercise/ |Number of voting|% of voting   |
|financial     |price    |date xvii |Conversion|rights          |rights xix, xx|
|instrument    |         |          |period    |instrument      |              |
|              |         |          |xviii     |refers to       |              |
|              |         |          |          |                |              |
+--------------+---------+----------+----------+----------------+-------+------+
|              |         |          |          |                |Nominal|Delta |
|              |         |          |          |                +-------+------+
|              |         |          |          |                |       |      |
|              |         |          |          |                |       |      |
+--------------+---------+----------+----------+----------------+-------+------+
|CFD over      |         |          |          |                |       |      |
|Ordinary      |         |          |          |19,882,602      |3.024% |      |
|Shares        |         |          |          |                |       |      |
|GB00B11V7W98  |         |          |          |                |       |      |
+--------------+---------+----------+----------+----------------+-------+------+
|              |         |          |          |                |       |      |
|              |         |          |          |                |       |      |
+--------------+---------+----------+----------+----------------+-------+------+


+------------------------------------------------------------------------------+
|Total (A+B+C)                                                                 |
+-------------------------------------+----------------------------------------+
|Number of voting rights              |Percentage of voting rights             |
+-------------------------------------+----------------------------------------+
|19,882,602                           |3.024%                                  |
+-------------------------------------+----------------------------------------+

+--------------------------------------------------------------------------+
|9. Chain of controlled undertakings through which the voting rights and/or|
|the                                                                       |
|financial instruments are effectively held, if applicable: xxi            |
+--------------------------------------------------------------------------+
|Holding consists of the following positions:                              |
|Shares - GB00B11V7W98                                                     |
|Ordinary shares (CFD)  - 19,882,602 shares                                |
|                                                                          |
|                                                                          |
|Total equivalent ords  =  19,882,602                                      |
|                                                                          |
+--------------------------------------------------------------------------+

+--------------------------------------------------------------------------+
|Proxy Voting:                                                             |
+-------------------------------------------------+------------------------+
|10. Name of the proxy holder:                    |                        |
+-------------------------------------------------+------------------------+
|11. Number of voting rights proxy holder will    |                        |
|cease                                            |                        |
|to hold:                                         |                        |
+-------------------------------------------------+------------------------+
|12. Date on which proxy holder will cease to hold|                        |
|voting rights:                                   |                        |
+-------------------------------------------------+------------------------+

+-----------------------------+--------------------------------------------+
|                             |                                            |
|13. Additional information:  |                                            |
+-----------------------------+--------------------------------------------+
|14. Contact name:            |               Charles Eckley               |
+-----------------------------+--------------------------------------------+
|15. Contact telephone number:|               0203 009 1135                |
+-----------------------------+--------------------------------------------+












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Source: Alliance Trust PLC via Thomson Reuters ONE

[HUG#1501456]