Result of AGM

20 May 2011

                               ALLIANCE TRUST PLC
                       Results of Annual General Meeting

Alliance Trust PLC announces the results of voting on the resolutions proposed
at the Annual General Meeting, held earlier today in Dundee. The resolutions
requisitioned by Laxey Partners, (Resolution 17 - introduction of a formal
Discount Control Mechanism and Resolution 18 - removal of scaling up
provisions), which the Board recommended shareholders vote against, were
defeated with respectively 67% and 69% of the votes cast against the
resolutions.

Commenting on the results of the AGM, Lesley Knox, Chairman of Alliance Trust
said:
"I would like to thank all our shareholders for voting today and for their
continued support of Alliance Trust. The close to 60% turnout we saw at this
year's AGM was unprecedented, being nearly double our normal turnout.

We will continue to focus on our key priority of improving the investment
performance.  We have also today confirmed our commitment to the ongoing
flexible use of share buybacks. The step-change in the Company's active use of
buybacks in recent months will continue, taking into account the Company's
discount relative to the peer group."

A summary of the votes cast in respect of the Resolutions is set out below:

+--+--------------+-----------+-----+------------+-----+-----------+-----------+
|  |Resolution    |Votes for  |%    |Votes       |%    |Percentage |Votes      |
|  |              |           |     |against     |     |of issued  |withheld   |
|  |              |           |     |            |     |share      |           |
|  |              |           |     |            |     |capital    |           |
|  |              |           |     |            |     |voted      |           |
+--+--------------+-----------+-----+------------+-----+-----------+-----------+
|1 |Report &      |336,018,868|97.96|6,982,603   |2.04 |52.78%     |46,664,266 |
|  |Accounts      |           |     |            |     |           |           |
+--+--------------+-----------+-----+------------+-----+-----------+-----------+
|2 |Directors'    |284,226,599|90.10|31,242,320  |9.90 |48.54%     |74,168,874 |
|  |remuneration  |           |     |            |     |           |           |
+--+--------------+-----------+-----+------------+-----+-----------+-----------+
|3 |Re-election of|330,471,777|96.94|10,417,161  |3.06 |52.45%     |48,803,549 |
|  |Mr Hugh       |           |     |            |     |           |           |
|  |Bolland       |           |     |            |     |           |           |
+--+--------------+-----------+-----+------------+-----+-----------+-----------+
|4 |Re-election of|328,598,366|96.41|12,252,655  |3.59 |52.45%     |48,842,742 |
|  |Mr Robert     |           |     |            |     |           |           |
|  |Burgess       |           |     |            |     |           |           |
+--+--------------+-----------+-----+------------+-----+-----------+-----------+
|5 |Re-election of|324,746,413|95.21|16,330,035  |4.79 |52.48%     |48,550,482 |
|  |Mrs Katherine |           |     |            |     |           |           |
|  |Garrett-Cox   |           |     |            |     |           |           |
+--+--------------+-----------+-----+------------+-----+-----------+-----------+
|6 |Re-election of|330,757,923|96.99|10,247,338  |3.01 |52.47%     |48,775,398 |
|  |Mr John       |           |     |            |     |           |           |
|  |Hylands       |           |     |            |     |           |           |
+--+--------------+-----------+-----+------------+-----+-----------+-----------+
|7 |Election of Mr|331,441,646|97.10|9,891,915   |2.90 |52.52%     |48,363,366 |
|  |Timothy Ingram|           |     |            |     |           |           |
+--+--------------+-----------+-----+------------+-----+-----------+-----------+
|8 |Re-election of|313,419,122|91.87|27,722,596  |8.13 |52.49%     |48,530,927 |
|  |Mrs Lesley    |           |     |            |     |           |           |
|  |Knox          |           |     |            |     |           |           |
+--+--------------+-----------+-----+------------+-----+-----------+-----------+
|9 |Re-election of|319,196,624|93.44|22,392,744  |6.56 |52.56%     |48,186,226 |
|  |Dr Christopher|           |     |            |     |           |           |
|  |Masters       |           |     |            |     |           |           |
+--+--------------+-----------+-----+------------+-----+-----------+-----------+
|10|Re-election of|328,345,577|96.32|12,548,330  |3.68 |52.45%     |48,893,697 |
|  |Mr Alan       |           |     |            |     |           |           |
|  |Trotter       |           |     |            |     |           |           |
+--+--------------+-----------+-----+------------+-----+-----------+-----------+
|11|Appointment of|334,105,477|97.82|7,447,517   |2.18 |52.56%     |48,188,886 |
|  |Deloitte LLP  |           |     |            |     |           |           |
|  |as Auditor    |           |     |            |     |           |           |
+--+--------------+-----------+-----+------------+-----+-----------+-----------+
|12|Remuneration  |336,501,599|98.20|6,174,414   |1.80 |52.73%     |47,095,353 |
|  |of the Auditor|           |     |            |     |           |           |
+--+--------------+-----------+-----+------------+-----+-----------+-----------+
|13|Amendment to  |267,048,282|84.72|48,179,549  |15.28|48.50%     |74,517,705 |
|  |LTIP          |           |     |            |     |           |           |
|  |performance   |           |     |            |     |           |           |
|  |conditions    |           |     |            |     |           |           |
+--+--------------+-----------+-----+------------+-----+-----------+-----------+
|14|Adoption of   |331,853,835|97.47|8,629,377   |2.53 |52.39%     |49,183,627 |
|  |amended       |           |     |            |     |           |           |
|  |articles of   |           |     |            |     |           |           |
|  |association   |           |     |            |     |           |           |
+--+--------------+-----------+-----+------------+-----+-----------+-----------+
|15|Renewal of    |332,082,098|96.70|11,343,313  |3.30 |52.84%     |46,284,088 |
|  |share buy back|           |     |            |     |           |           |
|  |Authority     |           |     |            |     |           |           |
+--+--------------+-----------+-----+------------+-----+-----------+-----------+
|16|Authority to  |328,695,911|96.03|13,573,498  |3.97 |52.67%     |47,493,003 |
|  |hold meetings |           |     |            |     |           |           |
|  |at 14 days    |           |     |            |     |           |           |
|  |notice        |           |     |            |     |           |           |
+--+--------------+-----------+-----+------------+-----+-----------+-----------+
|17|Introduction  |129,542,979|33.48|257,330,455 |66.52|59.53%     |17,859,464 |
|  |of a formal   |           |     |            |     |           |           |
|  |Discount      |           |     |            |     |           |           |
|  |Control       |           |     |            |     |           |           |
|  |Mechanism     |           |     |            |     |           |           |
+--+--------------+-----------+-----+------------+-----+-----------+-----------+
|18|Removal of    |116,628,651|31.20|257,215,322 |68.80|57.52%     |24,246,709 |
|  |scaling up    |           |     |            |     |           |           |
|  |provisions in |           |     |            |     |           |           |
|  |the Alliance  |           |     |            |     |           |           |
|  |Trust Savings |           |     |            |     |           |           |
|  |share schemes |           |     |            |     |           |           |
+--+--------------+-----------+-----+------------+-----+-----------+-----------+

NOTES

11,000 ATS investors, holding over 70 million Shares and representing 50 per
cent. of the total number of Shares held through ATS savings scheme, gave voting
instructions.

In accordance with Listing Rule 9.6.2, the full text of resolutions 14,15 and
16, which were special resolutions, passed by the Company at its Annual General
Meeting has been submitted to the National Storage Mechanism and will shortly be
available for inspection at www.Hemscott.com/nsm.do


 Contacts



 James Leviton / Conor McClafferty

 Finsbury Group

 Tel: [phone]

 Email: [e-mail]

 Web: www.finsbury.com








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Source: Alliance Trust PLC via Thomson Reuters ONE

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