Purchase of Own Securities

Scottish American Investment Co PLC
17 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 17th April,
2001 it purchased for cancellation 175,000 ordinary shares in the market at a
price of 220.5p per ordinary share. There remain 155,640,943 ordinary shares
in issue.


END