Top Ten Holdings as at 31 January 2007

Alliance Trust PLC

Alliance Trust PLC declares that its ten largest investments as at 31 January
2007 were:

Company                                                Total     % of
                                                  Investment    Gross
                                                       £000s   Assets
GLAXOSMITHKLINE PLC                                 70,273.5     2.5
BP PLC                                              69,641.0     2.5
ALLIANCE TRUST REAL ESTATE PARTNERSHIP              67,145.0     2.4
ROYAL DUTCH SHELL                                   62,023.8     2.2
ROYAL BANK OF SCOTLAND                              54,815.2     1.9
HBOS PLC                                            53,579.5     1.9
HSBC HOLDINGS                                       47,860.4     1.7
LLOYDS TSB                                          43,146.0     1.5
PERSIMMON                                           38,384.2     1.4
PREMIER PORTFOLIO PREMIUM ALLIANCE TRUST ASIA PAC   36,911.4     1.3

Total Gross Assets (£)  £2,835,124,268

There is no single investment with a value in excess of 5% of gross assets.



Name of contact                   Mr Ian Anderson

Telephone Number                  01382 201700

Date of notification              2 February 2007