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 (within PEP pursuant to
                           regular standing order and standing
                           election) by self and spouse.
                           
Class of Security          Ordinary stock units of 25p
                           
Name of registered holder  Alliance Trust Savings Nominees Limited
                           
Number of stock units      35 (21 self, 14 spouse)
                           
Price per stock unit       �20.1500
                           
Date of transaction        3rd April 2003
                           
Date Company informed      4th April 2003
                           
Total holdings             11,334
following this information

Total percentage           0.06%
of issued class            

                           
                           
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       4th April 2003