Purchase of Own Securities

Scottish American Investment Co PLC
23 June 2000

Scottish American Investment Company PLC


Repurchase of ordinary shares for cancellation

The Scottish American Investment Company PLC announces that on
23rd June 2000 it purchased for cancellation 250,000 ordinary
shares in the market at a price of 260.25 per ordinary share.
There remain 158,675,943 ordinary shares in issue.