Purchase of Own Securities

SCOTTISH AMERICAN INVESTMENT COMPANY PLC
19 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
19 August, 1999 it purchased for cancellation 250,000 ordinary
shares in the market at a price of 245.5p per ordinary share.
There remains 171,640,943 ordinary shares in issue.

Enquiries:

Teddy Tulloch, Stewart Ivory & Co.  0131 226 3271

Angus Gordon Lennox, Cazenove & Co. 0171 588 2828