RNS Number:0527J
Second Alliance Trust PLC
21 March 2003


The Second Alliance Trust PLC

Section 198 Companies Act 1985

We have today, 21 March 2003, received notice from Aboyne-Clyde Rubber Estates
of Ceylon PLC that, as a result of a purchase of #50,000 4.5% Preference Stock
on 14 March 2003, its beneficial interest is now in 12.5% of the stock of that
class.



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