Holding(s) in Company

The Second Alliance Trust PLC


Section 198 Companies Act 1985

We were informed on 9 November 2005 that, following purchases and sales of our
shares through the retail savings and investment plans provided by Alliance
Trust Savings Limited, the interest of Alliance Trust Savings Limited is now in
4,995,978 of our ordinary 25p shares, being 26.02% of that class.

Alliance Trust Savings Limited's interests are non-discretionary and non-
material in respect of 4,426,797 ordinary shares (23.06%) (shares beneficially
owned by investors in the Alliance PEP, Investment Plan and ISA).

Alliance Trust Savings Limited also holds 569,181 ordinary shares (2.96%) as
Trustee of the Alliance Pension Plan, a self invested personal pension (SIPP)
provided and administered by Alliance Trust Savings Limited.  This holding is
aggregated with the non-material holding for disclosure purposes in terms of
Section 199(2)(b) Companies Act 1985.

All shares referred to are registered in the name of Alliance Trust Savings
Nominees Limited.