Purchase of Own Securities

SCOTTISH AMERICAN INVESTMENT COMPANY PLC 28 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 28th July 1999, it purchased for cancellation 300,000 ordinary shares in the market at a price of 249p per ordinary share. There remains 196,854,943 ordinary shares in issue. Enquiries: Teddy Tulloch, Stewart Ivory & Co. 0131 226 3271
UK 100

Latest directors dealings