RNS Number:0998Z
Second Alliance Trust PLC
25 July 2002

THE SECOND ALLIANCE TRUST PLC

At the close of business on Wednesday 24th July 2002 the unaudited net asset
value per 25p stock unit, valuing prior charges at par, was 2233p.

Income after tax, interest and management expenses arising, but which is not
included in the net asset value per stock unit above, was 38p per stock unit.

For further information, please contact:-

Ian Goddard

The Second Alliance Trust PLC

Tel. 01382 201700




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