Purchase of Own Securities

Scottish American Investment Co PLC
11 December 2000


Scottish American Investment Company PLC

Repurchase of Ordinary Shares for Cancellation

The Scottish American Investment Company PLC announces that on 11 December,
2000 it purchased for cancellation 100,000 ordinary shares in the market at a
price of 261.5p per ordinary share. There remain 156,920,943 ordinary shares
in issue.