Holding in Company

Alliance Trust PLC
23 February 2001

Section 198 Companies Act 1985

We were informed on 22 February 2001 that, following purchases of our stock
through the retail savings and investment plans provided by our subsidiary,
Alliance Trust Savings Limited, the interest of Alliance Trust Savings Limited
is now in 5,551,914 units of our ordinary 25p stock, being 11.02% of that
class.

Alliance Trust Savings Limited's interests are non-discretionary and
non-material in respect of 5,366,715 ordinary stock units (10.65%) (stock
beneficially owned by investors in the Alliance PEP, Investment Plan and ISA).

Alliance Trust Savings Limited also holds 185,199 ordinary stock units (0.37%)
as Trustee of the Alliance Pension Plan, a self invested personal pension
(SIPP) provided and administered by Alliance Trust Savings Limited. This
holding is aggregated with the non-material holding for disclosure purposes in
terms of Section 199(2)(b) Companies Act 1985.

All stock referred to is registered in the name of Alliance Trust Savings
Nominees Limited.