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.
                            
                            Increase in non-beneficial interest
                            following purchase of shares (within
                            Investment Plan pursuant to regular standing
                            order and standing election) by a trust of
                            which the director is a trustee.
                            
Class of Security           Ordinary stock units of 25p
                            
Name of registered holder   Alliance Trust Savings Nominees Limited
                            
Number of stock units       151 (57 self, 47 spouse, 47 trust)
                            
Price per stock unit        �20.9500
                            
Date of transaction         30th April 2003
                            
Date Company informed       1st May 2003
                            
Total holdings following    11,579
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        1st May 2003