Reduction of Capital

2005-04-292005-06-292005-06-302005-07-05TSO (The Stationery Office), St Crispins, Duke Street, Norwich, NR3 1PD, 01603 622211, customer.services@tso.co.uk258672610/1322610/132

Reduction of Capital

Court of Session

Petition of

THE ALLIANCE TRUST PLC

for Confirmation of Reduction of Share Capital

On 30 June 2005 a certified copy of the interlocutor of the Court of Session dated 29 June 2005 together with a related certified copy minute confirming the reduction of the share capital of The Alliance Trust plc by £2,200,000 pursuant to a special resolution passed on 29 April 2005 was registered with the Registrar of Companies in Scotland.

Of which notice is hereby given.

Shepherd+ Wedderburn, Solicitors for the Petitioner

Saltire Court, 20 Castle Terrace, Edinburgh EH1 2ET.