Dividend Declaration

Scottish American Investment Co PLC
18 May 2006


           The Scottish American Investment Company P.L.C. ('SAINTS')

                        First interim dividend for 2006.


The Board of SAINTS announces that it is declaring a first interim dividend of
1.70p (up 6.9% on the corresponding dividend last year) per ordinary share in
respect of the year to 31 December 2006, payable on 30 June 2006 to shareholders
on the register at the close of business on 9 June 2006. The ex-dividend date is
7 June 2006.


                                                            Baillie Gifford & Co
                                                             Company Secretaries
                                                                     18 May 2006




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