Purchase of Own Securities

Cairngorm B.S. Inv Tst PLC
7 September 2000

Cairngorm (the Company)

Cairngorm Nos 1-10 Building Society Investment Trusts plc announce that on 7th
September 2000 each of the Trusts bought back 15,000 shares for cancellation
at a price of 94.5p per share which is the equivalent price of 94.5p per share
unit.  Following the buy back there will be 1,428,620 shares in issue per
Trust.  The share buy back is being achieved by the application of capital
reserves in accordance with the announced policy of the Boards.