Purchase of Own Securities

Scottish American Investment Co PLC
17 August 2001


The Scottish American Investment Company plc

Repurchase of ordinary shares for cancellation

The Scottish American Investment Company plc announces that on 18 August 2001
it purchased for cancellation 125,000 ordinary shares in the market at a price
of 201.5p per ordinary share. There remain 150,454,943 ordinary shares in
issue.


END