Purchase of Own Securities

SCOTTISH AMERICAN INVESTMENT COMPANY PLC
3 August 1999

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

Repurchase of Ordinary Shares for cancellation

The Scottish American Investment Company plc announces
that on 2nd August 1999, it purchased for cancellation
400,000 ordinary shares in the market at a price of 246p
per ordinary share.  There remains 195,854,943 ordinary
shares in issue.

Enquiries:

Teddy Tulloch, Stewart Ivory & Co. 0131 226 3271