Purchase of Own Securities

Scottish American Investment Co PLC
20 April 2001


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

Repurchase of ordinary shares for cancellation

The Scottish American Investment Company plc announces that on 20th April,
2001 it purchased for cancellation 100,000 ordinary shares in the market at a
price of 230p per ordinary share. There remain 155,540,943 ordinary shares in
issue.

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