REG-Alliance Trust PLC: Net Asset Value(s)

ALLIANCE TRUST PLC

At the close of business on Thursday 9 July 2009, the unaudited net asset value
per ordinary share of 2.5p, valued on a bid price basis:

1) excluding income after tax, interest and management expenses arising, of
3.2p per ordinary share is 308.7p and

2) including income after tax, interest and management expenses arising is 311.9p.

For further information, please contact:-

Ian Anderson

Alliance Trust PLC

Tel. +44 (0)1382 321238

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