Purchase of Own Securities

Scottish American Investment Co PLC
29 January 2002



The Scottish American Investment Company plc

Repurchase of ordinary shares for cancellation

The Scottish American Investment Company plc announces that on 29 January 2002
it purchased for cancellation 200,000 ordinary shares in the market at a price
of 189p per ordinary share. There remain 145,604,943 ordinary shares in issue.

END



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