RNS Number:5609I
Second Alliance Trust PLC
11 March 2003



THE SECOND ALLIANCE TRUST PLC

The following amendment replaces Net Asset Value announcement released on 11th
March 2003 at 09.38 under RNS: 5530I.

The net asset value figure should read 2050p and not 2080p as previously
reported. All other details remain unchanged. The full amended text appears
below.

THE SECOND ALLIANCE TRUST PLC

At the close of business on Monday 10th March 2003 the unaudited net asset value
per 25p stock unit, valuing prior charges at par, was 2050p.

Income after tax, interest and management expenses arising, but which is not
included in the net asset value per stock unit above, was 10p per stock unit.

For further information, please contact:-

Ian Goddard

The Second Alliance Trust PLC

Tel. 01382 201700


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