Holding(s) in Company

Scottish American Investment Co PLC
10 October 2003



Notification of Major Interests in Shares

1 Name of company:

The Scottish American Investment Company Plc

2 Name of shareholder having a major interest:

Advance UK Trust plc

3 Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18:


4 Name of registered holder(s) and, if more than one holder, the number of
shares held by each of them:

Nortrust Nominees Limited a/c AUKT

5 Number of shares/amount of stock acquired:

250,000

6 Percentage of issued class:

0.18%

7 Number of shares/amount of stock disposed:


8 Percentage of issued class:


9 Class of security:

25p Ordinary shares

10 Date of transaction:

8th October 2003

11 Date company informed:

9th October 2003

12 Total holding following this notification:

5,590,000

13 Total percentage holding of issued class following this notification:

4.13%

14 Contact name for queries:
James Ayling of First State Investments (UK)

15 Contact telephone number:

0131 473 2223

16 Name of company official responsible for making notification:

As above

17 Date of notification:

10th October 2003






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