Director Shareholding

Directors' interests in securities

Name of Company                     The Alliance Trust PLC

Name of Director                    Mr Gavin R. Suggett

Type of Transaction                 Increase in beneficial interest
                                    following purchase of shares
                                    (within ISA pursuant to regular
                                    standing order and standing
                                    election) by Spouse.

Class of Security                   Ordinary stock units of 25p

Name of registered holder           Alliance Trust Savings Nominees
                                    Limited

Number of stock units               48

Price per stock unit                £26.1100

Date of transaction                 17th December 2003

Date Company informed               18th December 2003

Total holdings following this       13,312
information

Total percentage of issued class    0.03%


Name of Company                     The Alliance Trust PLC

Name of Director                    Mrs Lesley M S Knox

Type of Transaction                 Increase in beneficial interest
                                    following purchase of shares
                                    (within ISA pursuant to regular
                                    standing order and standing
                                    election) by self.

Class of Security                   Ordinary stock units of 25p

Name of registered holder           Alliance Trust Savings Nominees
                                    Limited

Number of stock units               11

Price per stock unit                £26.1100

Date of transaction                 17th December 2003

Date Company informed               18th December 2003

Total holdings following this       743
information

Total percentage of issued class    0.001%



This notification does not relate
to dealings by persons otherwise
connected with the named directors.



Name of contact                     Mr Ian Goddard

Telephone Number                    01382 201700

Date of notification                18th December 2003