Purchase of Own Securities

Scottish American Investment Co PLC
24 July 2001

The Scottish American Investment Company plc (the 'Company')

Repurchase of ordinary shares for cancellation

The Scottish American Investment Company plc announces that on 24 July, 2001
it purchased for cancellation 100,000 ordinary shares in the market at a price
of 206.5p per ordinary share. There remain 152,179,943 ordinary shares in
issue.

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