Dividend Notification Declaration etc.

Scottish American Investment Co PLC
19 July 2000


THE SCOTTISH AMERICAN INVESTMENT COMPANY PLC

The Directors of The Scottish American Investment Company PLC (SAINTS) have
declared a second quarterly dividend in respect of the year to 31st December
2000 of 1.38p per Ordinary share payable on 2nd October 2000 to shareholders
registered on 4th September 2000.

The Preliminary Results (unaudited) for the six months to 30th June 2000 will
be released following board approval on 2nd August 2000.