Purchase of Own Securities

SCOTTISH AMERICAN INVESTMENT COMPANY PLC 27 July 1999 The Scottish American Investment Company plc (the 'Company') Repurchase of Ordinary Shares for cancellation The Scottish American Investment Company plc announces that on 26th July, 1999, it purchased for cancellation 200,000 ordinary shares in the market at a price of 247p per ordinary share. There remains 197,428,943 ordinary shares in issue. Enquiries: Teddy Tulloch, Stewart Ivory & Co. 0131 226 3271
UK 100

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