Alliance Trust PLC : Net Asset Value(s) (Correction)

Correction to the Net Asset Value announcement released earlier today (as at close of business on 2 January 2014) which contained the wrong NAV figures.

ALLIANCE TRUST PLC

At the close of business on Thursday 2 January 2014, 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 3.5p per ordinary share, is 510.7p and

2) including income after tax, interest and management expenses arising is 514.2p.

For further information, please contact:-

Ian Anderson

Alliance Trust PLC

Tel. [phone]

HUG#1752610