Dividend Notification Declaration

Scottish American Investment Co PLC
12 July 2000



THE SCOTTISH AMERICAN INVESTMENT COMPANY PLC

Interest on the Equities Index Unsecured Loan Stock 2004 for the period 1st
April to 30th June 2000 has been calculated at pounds sterling 15.29 per 1,000
units of stock.  Interest will be paid on 14th July 2000 to holders registered
on 30th June 2000.