RNS Number:1496J
Second Alliance Trust PLC
25 March 2003

THE SECOND ALLIANCE TRUST PLC

At the close of business on Monday 24th March 2003 the unaudited net asset value
per 25p stock unit, valuing prior charges at par, was 2192p.

Income after tax, interest and management expenses arising, but which is not
included in the net asset value per stock unit above, was 16p 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
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