Purchase of Own Securities

Scottish American Investment Co PLC
16 February 2001

Scottish American Investment Company PLC

Repurchase of Ordinary Shares for Cancellation

The Scottish American Investment Company PLC announces that on 16 February
2001 it purchased for cancellation 100,000 ordinary shares in the market at a
price of 254p per ordinary share. There remain 156,015,943 ordinary shares in
issue.

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