Purchase of Own Securities

Scottish American Investment Co PLC
28 February 2002

Scottish American Investment Company plc

Repurchase of ordinary shares for cancellation

The Scottish American Investment Company plc announces that on 28 February 2002
it purchased for cancellation 100,000 ordinary shares in the market at a price
of 190p per ordinary share. There remain 144,214,943 ordinary shares in issue.

END



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