Purchase of Own Securities

Scottish American Investment Co PLC
18 March 2002

Scottish American Investment Company plc

Repurchase of ordinary shares for cancellation

The Scottish American Investment Company plc announces that on 18 March 2002 it
purchased for cancellation 100,000 ordinary shares in the market at a price of
199p per ordinary share. There remain 143,114,943 ordinary shares in issue.

END.



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