Holding(s) in Company

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

+------------------------------------------+-----------------------------------+
|1. Identity of the issuer or the          |                                   |
|underlying issuer                         |                                   |
|of existing shares to which voting rights |          Alliance Trust           |
|are                                       |                                   |
|attached: ii                              |                                   |
+------------------------------------------+-----------------------------------+
|2 Reason for the notification (please tick the appropriate box or boxes):     |
+--------------------------------------------------------------------------+---+
|An acquisition or disposal of voting rights                               |   |
+--------------------------------------------------------------------------+---+
|An acquisition or disposal of qualifying financial instruments which may  |   |
|result in the acquisition of shares already issued to which voting rights |   |
|are attached                                                              |   |
+--------------------------------------------------------------------------+---+
|An acquisition or disposal of instruments with similar economic effect to |   |
|qualifying financial instruments                                          |   |
+--------------------------------------------------------------------------+---+
|An event changing the breakdown of voting rights                          |   |
+--------------------------------------------------------------------------+---+
|Other (please                         Share buybacks by Alliance Trust    |Yes|
| specify):                            increasing our % holding            |   |
+-----------------------------------------+--------------------------------+---+
|3. Full name of person(s) subject to the |   D C Thomson & Company Limited    |
|notification obligation: iii             |    John Leng & Company Limited     |
+-----------------------------------------+------------------------------------+
|4. Full name of shareholder(s)           |              As Above              |
|(if different from 3.):iv                |                                    |
+-----------------------------------------+------------------------------------+
|5. Date of the transaction and date on   |                                    |
|which the threshold is crossed or        |             25/08/2011             |
|reached: v                               |                                    |
+-----------------------------------------+------------------------------------+
|6. Date on which issuer notified:        |             26/08/2011             |
+-----------------------------------------+------------------------------------+
|7. Threshold(s) that is/are crossed or   |                6.0%                |
|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 voting   |% of  voting   |
|using       |of        |of         |of shares |rights             |rights x       |
|the ISIN    |  ares    |V ting     +----------+----------+--------+------+--------+
|CODE        |          |Rights     |Direct    |Direct xi |Indirect|Direct|Indirect|
|            |          |           |          |          |xii     |      |        |
+------------+----------+-----------+----------+----------+--------+------+--------+
|GB00B11V7W98|          |           |          |          |        |      |        |
|            |37,000,000|37,000,000 |37,000,000|37,000,000|        | 6.0% |        |
|2.5p        |          |           |          |          |        |      |        |
|Ordinary Shs|          |           |          |          |        |      |        |
+------------+----------+-----------+----------+----------+--------+------+--------+

+----------------------------------------------------------------------------------+
|B: Qualifying Financial Instruments                                               |
+----------------------------------------------------------------------------------+
|Resulting situation after the triggering transaction                              |
+--------------+----------+---------------------+--------------------+-------------+
|Type of       |Expiration|Exercise/            |Number of voting    |% of voting  |
|financial     |date xiii |Conversion Period xiv|rights that may be  |rights       |
|instrument    |          |                     |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 instrument   |rights xix, xx|
|instrument   |         |          |period     |refers to           |              |
|             |         |          |xviii      |                    |              |
+-------------+---------+----------+-----------+--------------------+-------+------+
|             |         |          |           |                    |Nominal|Delta |
|             |         |          |           |                    +-------+------+
|             |         |          |           |                    |       |      |
+-------------+---------+----------+-----------+--------------------+-------+------+

+----------------------------------------------------------------------------------+
|Total (A+B+C)                                                                     |
+------------------------------------+---------------------------------------------+
|Number of voting rights             |Percentage of voting rights                  |
+------------------------------------+---------------------------------------------+
|37,000,000                          |6.0%                                         |
+------------------------------------+---------------------------------------------+

+------------------------------------------------------------------------------+
|9. Chain of controlled undertakings through which the voting rights and/or the|
|financial instruments are effectively held, if applicable: xxi                |
+------------------------------------------------------------------------------+
|                                                                              |
|                                                                              |
+------------------------------------------------------------------------------+

+------------------------------------------------------------------------------+
|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:                                  |                             |
+------------------------------------------------+-----------------------------+

+-----------------------------+------------------------------------------------+
|                             |Notification using the total shares in issue    |
|13. Additional information:  |figure of 616,652,146                           |
|                             |Following the purchase of 445,000 shares on     |
|                             |25th August by Alliance Trust                   |
+-----------------------------+------------------------------------------------+
|14. Contact name:            |        Irene Douglas, Company Secretary        |
+-----------------------------+------------------------------------------------+
|15. Contact telephone number:|                  01382 575732                  |
+-----------------------------+------------------------------------------------+







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Source: Alliance Trust PLC via Thomson Reuters ONE

[HUG#1541878]