Directorate Change

Scottish American Investment Co PLC
26 February 2007

                  The Scottish American Investment Company PLC

                               Directorate Change

The Scottish American Investment Company P.L.C. hereby gives notification that
Dr Janet Morgan, a Director of the Company, has intimated that she intends to
retire from the Board at the conclusion of the Annual General Meeting of the
Company to be held in 2008.



                                                           Baillie Gifford & Co.
                                                             Company Secretaries
                                                                26 February 2007


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