22 February 2008

ALLIANCE TRUST APPOINTS NEW NON-EXECUTIVE DIRECTOR

Alliance Trust PLC is pleased to announce the appointment of John Hylands as a non-executive director of the Company with immediate effect

John will join the Audit Committee, becoming its Chairman when the current Audit Committee Chairman, Gordon McQueen, resigns from the Board on 31 March.

An actuary by profession, John joins Alliance Trust following a career at Standard Life spanning 28 years. During this time he served as Finance Director from 2001 to 2005 and successfully led the project for Standard Life’s demutualisation and Stock Exchange listing in 2006.

Lesley Knox, Chairman of Alliance Trust, said:

“I’m delighted that we have been able to attract someone with John Hylands’ financial acumen and experience of the financial services industry to join the Board.  He will be a worthy successor to Gordon McQueen, who during his time has helped Alliance Trust to develop a robust control environment within which to expand its activities and now seeks new challenges.”

John Hylands said:

“I’m very pleased to have been invited to join the Board of Alliance Trust.  It has a unique heritage and reputation for value and I look forward to working with its management team.”

A FTSE-100 company, Alliance Trust heads an international investment and financial services group that has offices in Dundee, Edinburgh, London and Hong Kong. Through its financial services subsidiaries it offers asset management for other companies and clients and investment accounts, share-dealing and self-invested personal pensions.

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Contacts

Jane Holligan, Media Relations Manager Anna Schirmer / Stuart Lerman / Anna Moulds

Alliance Trust Lansons Communications

Tel +44 (0)1382 306064 Tel +44 (0)20 7294 3605 / 3674 / 3681

Mobile 07745 783212 Email alliancetrust@lansons.com

Email jane.holligan@alliancetrust.co.uk

Web www.alliancetrust.co.uk

NOTES TO EDITORS

1. John Hylands (56) graduated with a BSc in Mathematics from Glasgow University. He joined Standard Life in 1979 and qualified as an actuary in 1982. His career at Standard Life spanned 28 years and included various actuarial, finance and management positions including serving as Finance Director from 2001 to 2005. He is a member of the Norwich Union With Profits Committee and is a non executive director of the Board of Ecclesiastical Insurance Group plc.  He also chairs the Pension Fund Trustees of Standard Life plc.