Purchase of Own Securities

Scottish American Investment Co PLC
30 April 2002

The Scottish American Investment Company plc (the 'Company')

Repurchase of ordinary shares for cancellation

The Scottish American Investment Company plc announces that on 30 April, 2002 it
purchased for cancellation 75,000 ordinary shares in the market at a price of
189.5p per ordinary share. There remain 141,464,943 ordinary shares in issue.

END



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