Purchase of Own Securities

Scottish American Investment Co PLC
7 December 2001

The Scottish American Investment Company plc

Repurchase of ordinary shares for cancellation

The Scottish American Investment Company plc announces that on 7 December 2001
it purchased for cancellation 100,000 ordinary shares in the market at a price
of 195p per ordinary share. There remain 147,754,943 ordinary shares in issue.

END