Directors' Notification of Dealing in Shares

Alliance Trust PLC
12 June 2000


DIRECTOR'S INTERESTS IN SECURITIES
----------------------------------

NAME OF COMPANY              THE ALLIANCE TRUST PLC

NAME OF DIRECTOR             MR. W. NELSON ROBERTSON

TYPE OF TRANSACTION          INCREASE IN BENEFICIAL INTERESTS        
                             FOLLOWING PURCHASE OF SHARES BY SELF    
                             AND SPOUSE WITHIN ISA.
                               
CLASS OF SECURITY            ORDINARY STOCK UNITS OF 25P

NAME OF REGISTERED HOLDER    SPIERS AND JEFFREY FUND MANAGEMENT
                             LIMITED (ISA A/C)

NUMBER OF STOCK UNITS        400 (SELF 200, SPOUSE 200)

PRICE PER STOCK UNIT         £32.9300

DATE OF TRANSACTION          5TH JUNE 2000

DATE COMPANY INFORMED        9TH JUNE 2000

TOTAL HOLDINGS FOLLOWING
THIS INFORMATION             2,400

TOTAL PERCENTAGE             0.005%
OF ISSUED CLASS


THIS NOTIFICATION DOES NOT RELATE TO DEALINGS BY PERSONS OTHERWISE
CONNECTED WITH THE NAME DIRECTOR.

NAME OF CONTACT AND TELEPHONE NUMBER AS ABOVE.

DATE OF NOTIFICATION          12TH JUNE 2000