Document regarding Listing Particulars

Scottish American Investment Co PLC
10 January 2001



Doc Re  Issue of a further £30,000,000  8 per cent. Debenture Stock 2022
forming upon issue one class with the existing £50,000,000  8 per cent.
Debenture Stock 2022

Issue price: 119.016 per cent.
plus accrued interest from and including 10 October 2000 to but excluding 12
January 2001 of £2.066 per £100 in nominal amount of New Stock

A copy of the above document has been submitted to the UK Listing Authority,
and will shortly be available for inspection at the UK Listing Authority's
Document Viewing Facility, which is situated at:

Financial Services Authority
25 The North Colonnade
Canary Wharf
London
E14 5HS

Tel. no. (0)20 7676 1000

(Documents will usually be available for inspection within six normal business
hours of this notice being given).