Annual Information Update

THE ALLIANCE TRUST PLC

ANNUAL INFORMATION UPDATE

Annual Information Update for the 12 months up to 28 March 2006 and the
subsequent period up to 19 April 2000.

Pursuant to the requirements of Prospectus Rule 5.2 the following summarises
the information that has been published or made available to the public by the
Company. Please note that whilst the information referred to was up to date at
the time of publication, some of this information may now be out of date.

1. Announcements via a Regulated Information Service (RIS): (RIS Announcements
can be viewed

via the internet from www.londonstockexchange.com.)

 1. Net Asset Values:
   
As far as possible the Company has announced daily the net asset value per
share as of the previous business day.

1.2 Ten Largest Investments

03 May 2005

02 August 2005

02 November 2005

01 February 2006

1.3 Directors' Shareholdings

30 March 2005

06 April 2005

07 April 2005

13 April 2005

20 April 2005

27 April 2005

04 May 2005

05 May 2005

06 May 2005

13 May 2005

18 May 2005

31 May 2005

01 June 2005

08 June 2005

15 June 2005

22 June 2005

29 June 2005

06 July 2005

07 July 2005

15 July 2005

15 July 2005

22 July 2005

02 August 2005

11 August 2005

18 August 2005

31 August 2005

06 September 2005

14 September 2005

21 September 2005

23 September 2005

28 September 2005

06 October 2005

12 October 2005

19 October 2005

26 October 2005

01 November 2005

04 November 2005

09 November 2005

16 November 2005

23 November 2005

30 November 2005

06 December 2005

14 December 2005

21 December 2005

03 January 2006

11 January 2006

19 January 2006

01 February 2006

15 February 2006

01 March 2006

08 March 2006

08 March 2006

14 March 2006

21 March 2006

28 March 2006

05 April 2006

10 April 2006

10 April 2006

10 April 2006

18 April 2006

1.4 Other Announcements

29 March 2005 Notice of AGM

01 April 2005 Investments in Investment Companies

02 May 2005 Result of AGM

03 May 2005 Investments in Investment Companies

03 May 2005 Directorate Change

01 June 2005 Investments in Investment Companies

06 June 2005 Timetable for Cancellation of Listing and Repayment of Preference

Stocks

17 June 2005 Directorate Change

01 July 2005 Repayment of Preference Stock

04 July 2005 Investments in Investment Companies

08 July 2005 Directorships of PLCs

15 July 2005 Senior Management Equity Incentive Plan Share Options

02 August 2005 Investments in Investment Companies

02 August 2005 Holding(s) in Company

10 August 2005 Distribution of Investments

22 August 2005 Interim Results

01 September 2005 Investments in Investment Companies

05 September 2005 Directorate Change

14 September 2005 Directorate Change

15 September 2005 Distribution of Investments

03 October 2005 Acquisition by Subsidiary

12 October 2005 Distribution of Investments

14 October 2005 Acquisition by Subsidiary completion

09 November 2005 Holding(s) in Company

10 November 2005 Distribution of Investments

12 December 2005 Distribution of Investments

17 January 2006 Distribution of Investments

19 January 2006 Correction to NAV Statement

20 March 2006 Rule 2.10 Announcement

20 March 2006 Final Results

20 March 2006 Recommended Merger

31 March 2006 Merger Update

2. Documents Filed with the Registrar of Companies (Documents can be obtained
from Companies House or through the Internet via Companies House Direct at
www.directcompanieshouse.gov.uk).

01 April 2005 363 Return

01 April 2005 Director's Particulars Changed

01 April 2005 MEM Register Address Change

01 April 2005 DEB Register Address Change

04 May 2005 Resolution - cancellation of stock, variation of share rights
adopting memorandum and Articles of Association

04 May 2005 Form 122

05 May 2005 Form 288b

09 June 2005 Company Accounts

29 June 2005 Form 288a

29 June 2005 OC138

30 June 2005 CERT16

30 June 2005 Memorandum of Association Articles of Association

07 September 2005 Form 288b

16 September 2005 Form 288a

29 March 2006 363 Return

3. Printed Publications

The Annual Report and Accounts for the years ended 31 January 2005, 31 January
2006, the Interim Report for the 6 months ended 31 July 2005, Factsheet dated
31 January 2006, Press Release date 20 March 2006 and announcement to the Stock
Exchange about a recommended merger are available to be downloaded from
alliancetrusts.com or from the Company Secretary, The Alliance Trust PLC, 64
Reform Street, Dundee.

4. The Company has despatched the following documents to holders of the
securities since 28 March

2005.

29 March 2005 Annual Report and Accounts 2005, Notice of Annual General
Meeting, Form of Proxy

29 August 2005 Interim Report 2006

28 March 2006 Annual Report and Accounts 2006, Notice of Annual General
Meeting, Form of Proxy

20 March 2006 Letter from Chairman relating to merger of with Second Alliance
Trust

31 March 2006 Circular relating to merger with the Second Alliance Trust PLC
(including Notice of Extraordinary Meeting), form of Proxy.

5. Other Sources of Information

The Company's shares are listed on The London Stock Exchange and are published
in the Financial Times and other newspapers. The share price is also available
at www.alliancetrusts.com

For further information please contact

Ian Anderson,

Assistant Company Secretary

01382 201 700

20 April 2006