Purchase of Own Securities

SCOTTISH AMERICAN INVESTMENT COMPANY PLC
17 September 1999


The Scottish American Investment Company plc (the 'Company')

Repurchase of Ordinary Shares for cancellation

The Scottish American Investment Company plc announces that on
17th September, 1999, it purchased for cancellation 250,000
ordinary shares in the market at a price of 233.5 per ordinary
share.  There remains 171,090,943 ordinary shares in issue.

Enquiries:

Teddy Tulloch, Stewart Ivory & Co.   0131 226 3271

Angus Gordon Lennox, Cazenove & Co.  0171 588 2828