Purchase of Own Securities

SCOTTISH AMERICAN INVESTMENT COMPANY PLC
18 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
18th August, 1999 it purchased for cancellation 350,000
ordinary shares in the market at a price of 246.5p per
ordinary share.  There remains 171,890,943 ordinary shares in
issue.

Enquiries:

Teddy Tulloch, Stewart Ivory & Co.  0131 226 3271

Angus Gordon Lennox, Cazenove & Co. 0171 588 2828