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 27th July 1999, it purchased for cancellation 274,000 ordinary shares in the market at a price of 248p per ordinary share. There remains 197,154,943 ordinary shares in issue. Enquiries: Teddy Tulloch, Stewart Ivory & Co. 0131 226 3271
UK 100

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