Purchase of Own Securities

Scottish American Investment Co PLC 15 December 1999 The Scottish American Investment Company plc (the 'Company') Repurchase of Ordinary Shares for cancellation The Scottish American Investment Company plc announces that on 15th December, 1999, it purchased for cancellation 75,000 ordinary shares in the market at a price of 252p per ordinary share. There remains 168,865,943 ordinary shares in issue.
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