Purchase of Own Securities

SCOTTISH AMERICAN INVESTMENT COMPANY PLC
4 August 1999

The Scottish American Investment Company plc (the
'Company')

Repurchase of Ordinary Shares for cancellation

The Scottish American Investment Company plc announces
that on 4th August 1999, it purchased for cancellation
600,000 ordinary shares in the market at a price of 248p
per ordinary share.  There remains 195,254,943 ordinary
shares in issue.

Enquiries:

Teddy Tulloch, Stewart Ivory & Co. 0131 226 3271
Angus Gordon Lennox, Cazenove & Co.  0171 588 2828