Purchase of Own Securities

Scottish American Investment Co PLC
9 October 2001

The Scottish American Investment Company plc

Repurchase of ordinary shares for cancellation

The Scottish American Investment Company plc announces that on 9 October 2001
it purchased for cancellation 100,000 ordinary shares in the market at a price
of 178p per ordinary share. There remain 149,154,943 ordinary shares in issue.

END