Purchase of Own Securities

Scottish American Investment Co PLC
9 August 2001


The Scottish American Investment Company plc

Repurchase of ordinary shares for cancellation

The Scottish American Investment Company plc announces that on 9 August 2001
it purchased for cancellation 100,000 ordinary shares in the market at a price
of 205p per ordinary share. There remain 151,029,943 ordinary shares in issue.

END