Purchase of Own Securities

Scottish American Investment Co PLC
6 November 2001


The Scottish American Investment Company plc

Repurchase of ordinary shares for cancellation

The Scottish American Investment Company plc announces that on 6 November 2001
it purchased for cancellation 100,000 ordinary shares in the market at a price
of 185.5p per ordinary share. There remain 148,604,943 ordinary shares in issue.


END