OREANDA-NEWS. April 30, 2015. Elliott Advisors (UK) Ltd notes the announcement made by Alliance Trust plc (the "Company") of an agreement under which Anthony Brooke and Rory Macnamara will be invited to join the Board of the Company.  We are pleased to have reached an understanding with Alliance Trust and look forward to following the enlarged Board's progress on strategic and business matters over the next year and beyond.

Elliott acknowledges and appreciates the widespread engagement and support from fellow shareholders of the Company and others in recent weeks.  We believe that this solution is in the best interests of all shareholders.

Elliott would also like to express its gratitude to Peter Chambers for engaging with this effort and for gracefully agreeing to stand aside as a candidate to join the Board.  We understand that Alliance Trust will wish to set the criteria for its own search for a further non-executive director, and will accept the Company's open invitation to major shareholders to be consulted in that process.