Purchase of Own Securities

Scottish American Investment Co PLC
25 October 2001

The Scottish American Investment Company plc

Repurchase of ordinary shares for cancellation

The Scottish American Investment Company plc announces that on 25 October 2001
it purchased for cancellation 250,000 ordinary shares in the market at a price
of 186p per ordinary share. There remain 148,904,943 ordinary shares in issue.

END