Alliance Trust PLC126th Annual General Meeting

Alan TrotterChief Financial Officer

1 May 2014

Key 2013 financial highlights

• Total dividends including special +12.5%

• Alliance Trust Investments Losses reduced

• Alliance Trust Savings Operating profit excludingnon recurring items

Company financial performance

Company 2013 2012

Total Dividend (including special) +12.5% +7.0%

Revenue £89.9m £80.0m

Operating expenses £21.5m £18.7m

Revenue profit before tax £66.7m £59.8m

Ongoing charges ratio 0.75% 0.67%

New regulatory responsibilities – cumulative

Company financial performance

Company 2013 2012

Total Dividend (including special) +12.5% +7.0%

Revenue £89.9m £80.0m

Operating expenses £21.5m £18.7m

Revenue profit before tax £66.7m £59.8m

Ongoing charges ratio 0.75% 0.67%

Alliance Trust Investments & Alliance Trust Savings

Alliance Trust Investments

• 3rd party assets under management and advice increased by 29% to £1.8bn

• 142% increase in net revenue

• 80% of funds ranked in 1st or 2nd quartile

• 36% reduction in Operating loss 2013 (£m) 2012 (£m)

Net revenue 9.2 3.8

Expenses (13.4) (10.4)

Operating loss (4.2) (6.6)

Alliance Trust Savings

• Operating profit from continuing operations of £0.4m excluding the sale of the Full SIPP business and non–recurring RDR expenditure

• Assets under administration £5.4bn with 75,796 customer accounts

Continuing operations 2013 (£m) 2012 (£m)

Revenue 10.9 9.6

Expenses (10.5) (10.0)

Operating profit/(loss) 0.4 (0.4)

Important information

• Whilst considerable care has been taken in compiling the content of this presentation, no representation or warranty, expressed or implied, is made by Alliance Trust PLC as to its accuracy or completeness.

• The value of investments and the income from them may go down as well as up and are not guaranteed. The original amount invested may not be returned.

• Any examples are for illustration purposes only, the figures are not guaranteed and should not be relied on.

• Past performance is not a guide to future performance.

• Further information is available on our website www.alliancetrust.co.uk

• All figures and graphs are sourced at Alliance Trust PLC unless otherwise stated.

• Nothing said or covered by the presentation today should be construed as being an inducement

or invitation in investment activity. No advice is given by Alliance Trust PLC.

9