17 September 2007

ALLIANCE TRUST CHIEF EXECUTIVE JOINS GOVERNING BODY OF THE UNIVERSITY OF ST ANDREWS

Alliance Trust today announces the appointment of its chief executive Alan Harden to the governing body of the University of St Andrews. He will join the University Court for a four year term until August 2011 and will serve on the Investments and Collections committee.

The Court currently consists of 25 members and is responsible for the overall governance of the University by developing strategies to achieve its long-term financial, human and physical objectives.

As a member of Court, Alan Harden will attend five Court meetings a year and participate in additional committees as well as playing a visible role in key academic and social events in the University calendar.

Mark Butler, Secretary and Registrar for the University of St Andrews, said: “The Court is delighted Alan has agreed to serve and we look forward to working with him.”

Commenting on his appointment, Alan Harden added: “It is both an honour and a privilege to be appointed to the University of St Andrews Court. I am delighted to be able to continue the relationship Alliance Trust has with the University and I look forward to building on the success of the institution through my new role.”

Contacts

Jane Holligan, Media Relations Manager Emma Wylie/ Anna Schirmer

Alliance Trust PLC Lansons Communications

Tel +44 (0)1382 306064 Tel +44 (0) 20 7490 8828

Mobile 07745 783212 Email alliancetrust@lansons.com

Email jane.holligan@alliancetrust.co.uk

Web: www.alliancetrust.co.uk

Notes to editors

1. Alliance Trust is an international investment and financial services group with offices in Dundee, Edinburgh, London and Hong Kong. It is headed by Alliance Trust PLC, which has assets of around £2.9bn invested around the world. Through its subsidiaries, it offers share dealing, wrapper plans such as ISAs and PEPs, Self-Invested Personal Pensions and third-party asset management.

2. Photographs of Alan Harden are available on request.