Director Shareholding

Director's interests in securities Name of Company The Second Alliance Trust PLC Name of Director Mr Gavin R. Suggett Type of Transaction Increase in beneficial interest following purchase of shares (within PEP pursuant to regular standing order and standing election) by self and spouse. Class of Security Ordinary stock units of 25p Name of registered holder Alliance Trust Savings Nominees Limited Number of stock units 35 (21 self, 14 spouse) Price per stock unit £20.1500 Date of transaction 3rd April 2003 Date Company informed 4th April 2003 Total holdings 11,334 following this information Total percentage 0.06% of issued class This notification does not relate to dealings by persons otherwise connected with the named director. Name of contact Mr Ian Goddard Telephone Number 01382 201700 Date of notification 4th April 2003 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/04/04/20030404BIT01530/wkr0001.doc http://www.waymaker.net/bitonline/2003/04/04/20030404BIT01530/wkr0002.pdf