Alliance Trust PLC

Disclosure of Directors Interests in shares

Alliance Trust PLC ("the Company") on 15 October 2008 received notification from RBC Cees Trustees Limited as Trustee of Alliance Trust PLC Employee Benefit Trust ("the Trust") (a discretionary trust of which all employees of the Company and its subsidiaries are beneficiaries), that on 15 October 2008, 109 Ordinary 2.5p shares in the capital of the Company which had been purchased on behalf of the Company to meet future awards made under the Second Alliance Trust Senior Management Equity Incentive Plan (`SMEIP') had been transferred to satisfy awards made under the SMEIP which had vested.

David Deards and Katherine Garrett-Cox, both executive directors, and Rowland Strickland, Person Discharging Managerial Responsibilities, are all members of the class of discretionary beneficiaries of the Trust and are each consequently deemed to have an interest in the shares held in the Trust on behalf of the Company which now total 1,849,825 (0.275% of the Company's issued share capital).

For further information please contact:

Name of contact Mr. Ian Anderson Telephone Number +44 (0)1382 201700 Date of notification 15 October 2008