17 July 2020

Alliance Trust PLC

TRANSACTION IN OWN SHARES

The Board of Alliance Trust PLC ("the Company") announces that on 16 July 2020 the Company purchased for cancellation 170,000 ordinary shares of 2.5p each at a price of 803.9028p per share.

Therefore, the total number of voting rights in the Company is now 326,479,733.

The above figure (326,479,733) may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

Enquiries:

Alliance Trust PLC
Telephone: 01382 938320