RNS Number:2182Z
Second Alliance Trust PLC
29 July 2002


THE SECOND ALLIANCE TRUST PLC

At the close of business on Friday 26th July 2002 the unaudited net asset value
per 25p stock unit, valuing prior charges at par, was 2297p.

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




                      This information is provided by RNS
            The company news service from the London Stock Exchange