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).
                             
Class of Security            Ordinary stock units of 25p
                             
Name of registered holder    Alliance Trust Savings Nominees Limited
                             
Number of stock units        7
                             
Price per stock unit         �20.7000
                             
Date of transaction          15th April 2003
                             
Date Company informed        16th April 2003
                             
Total holdings following     11,423
this information

Total percentage of issued   0.06%
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         16th April 2003