Rule 2.10 Announcement

Alliance Trust PLC
20 March 2006


NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO OR FROM, JAPAN, AUSTRALIA, CANADA OR SOUTH AFRICA


The Alliance Trust PLC


In accordance with Rule 2.10 of The City Code on Takeovers and Mergers, and
further to the announcement made this morning by The Alliance Trust PLC in
relation to proposals for a recommended merger with The Second Alliance Trust
plc, The Alliance Trust PLC announces that it has in issue 50,400,000 ordinary
shares of 25p each.


The International Securities Identification Number (ISIN) for the ordinary
shares is GB0000183045.


Enquiries:


Alan Harden, Chief Executive, The Alliance Trust PLC - 01382 201700


Christopher Smith, JPMorgan Cazenove - 020 7588 2828

Angus Gordon Lennox, JPMorgan Cazenove - 020 7588 2828


END



                      This information is provided by RNS
            The company news service from the London Stock Exchange