Purchase of Own Securities

Scottish American Investment Co PLC
12 December 2000

Scottish American Investment Company PLC

Repurchase of Ordinary Shares for Cancellation

The Scottish American Investment Company PLC announces that on 12 December,
2000 it purchased for cancellation 205,000 ordinary shares in the market at a
price of 262p per ordinary share. There remain 156,715,943 ordinary shares in
issue.

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