3 March 2008

ALLIANCE TRUST SAVINGS ANNOUNCES SUCCESSFUL TRANSFER OF INVESTMENT TRUST ISAs, PEPs AND SHARE PLAN WRAPPERS FROM ALLIANZ GLOBAL INVESTORS

Alliance Trust Savings, the financial services company, today announces the successful completion of almost 4,500 ISA, PEP and Share Plan wrapper transfers from Allianz Global Investors’ (AGI).

AGI is the latest in a series of providers to transfer the administration of their customers’ investment trust ISAs, PEPs and Share Plans to Alliance Trust Savings. As a result of the transfer, Allianz Global Investor customers are able to take advantage of Alliance Trust’s flexible open architecture investment platform known for its wide investment choice and fair value.

Other companies which have recently transferred customer accounts to Alliance Trust include Investec Asset Management and Martin Currie.

Kelly O’Donnell, Managing Director, Distribution, at Alliance Trust Savings, said, ‘We are delighted with the successful completion of the transfer of Allianz Global Investors accounts to our investment services platform, adding further to our growing customer base. This latest transfer is a testament to Alliance Trust’s open architecture platform. While investment trust savings schemes across the market have been in decline, we’ve seen the opposite trend happening on our platform. Over the last few years there have been increasing volumes of cash invested in investment trusts through Alliance Trust Savings. We believe there is a growing acceptance in the marketplace that the best way to distribute investment trusts is to do so through open architecture platforms where investors can develop their portfolios as their financial needs evolve. We feel that the choice and professional administration we provide, along with the specialist investment trust services we can offer to boards, make us ideally placed to win future transfers.”

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Contacts

Jane Holligan, Media Relations Manager Richard Winder/ Anna Schirmer

Alliance Trust Lansons Communications

Tel +44 (0)1382 306064 Tel +44 (0)20 7294 3605 / 3641

Mobile 07745 783212 Email alliancetrust@lansons.com

Email jane.holligan@alliancetrust.co.uk

Web http://www.alliancetrust.co.uk

Notes to editors

1. Alliance Trust is the brand name of Alliance Trust Savings, a financial services company that offersinvestment dealing, self-invested personal pensions and a choice of investment wrappers. Alliance Trust Savings and its subsidiaries administer assets on behalf of more than 46,000 customers. Alliance Trust Savings is a wholly-owned subsidiary of FTSE-100 company, Alliance Trust PLC.

2. Photographs of Kelly O’Donnell are available.