RNS Number:6771I
Second Alliance Trust PLC
13 March 2003

THE SECOND ALLIANCE TRUST PLC

At the close of business on Wednesday 12th March 2003 the unaudited net asset
value per 25p stock unit, valuing prior charges at par, was 1997p.

Income after tax, interest and management expenses arising, but which is not
included in the net asset value per stock unit above, was 13p per stock unit.

For further information, please contact:-

Ian Goddard

The Second Alliance Trust PLC

Tel. 01382 201700


                      This information is provided by RNS
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