RNS Number:7935H
Second Alliance Trust PLC
21 February 2003


Director's interests in securities

Name of Company                              The Second Alliance Trust PLC

Name of Director                             Mr Gavin R. Suggett

Type of Transaction                          Increase in beneficial interest following purchase of shares
                                             by self and spouse (within PEP pursuant to regular standing
                                             order and standing election).

Class of Security                            Ordinary stock units of 25p

Name of registered holder                    Alliance Trust Savings Nominees Limited

Number of stock units                        12 (6 self, 6 spouse)

Price per stock unit                         #19.0200

Date of transaction                          20th February 2003

Date Company informed                        21st February 2003

Total holdings following this information    10,927

Total percentage of issued class             0.06%


This notification does not relate to dealings by persons otherwise connected with the named director.

Name of contact                              Mr Ian Goddard

Telephone Number                             01382 201700

Date of notification                         21st February 2003


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