Purchase of Own Securities

SCOTTISH AMERICAN INVESTMENT COMPANY LIMITED
30 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 30th September 1999, it purchased for
cancellation 100,000 ordinary shares in the market at a
price of 228.5p per ordinary share.  There remains
170,090,943 ordinary shares in issue.

Enquiries:

Teddy Tulloch, Stewart Ivory & Co. 0131 226 3271

Angus Gordon Lennox, Cazenove & Co.  0171 588 2828