Purchase of Own Securities

Scottish American Investment Co PLC
19 September 2001


The Scottish American Investment Company plc

Repurchase of ordinary shares for cancellation

The Scottish American Investment Company plc announces that on 19 September
2001 it purchased for cancellation 450,000 ordinary shares in the market at a
price of 173p per ordinary share. There remain 149,454,943 ordinary shares in
issue.

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