Purchase of Own Securities

Scottish American Investment Co PLC
2 August 2001

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

Repurchase of ordinary shares for cancellation

The Scottish American Investment Company plc announces that on 2 August 2001
it purchased for cancellation 100,000 ordinary shares in the market at a price
of 213p per ordinary share. There remain 152,079,943 ordinary shares in issue.

END