Dividend

Scottish American Investment Co PLC
12 January 2001

QUARTERLY INTEREST PAYMENT
SECURITY TITLE
*Equities Index Uns Ln Stk 2004
MNEMONIC CODE           *SCAA
SEDOL CODE              *788-038
DIVIDEND AMOUNT         *1.231p
PROVISIONAL EX DATE     *15-01-01
RECORD DATE             *31-12-00
PAYMENT DATE            *15-01-01
NOTES *