Purchase of Own Securities

Scottish American Investment Co PLC
9 May 2002

The Scottish American Investment Company plc

Repurchase of ordinary shares for cancellation

The Scottish American Investment Company plc announces that on 9 May, 2002 it

purchased for cancellation 300,000 ordinary shares in the market at a price of

190p per ordinary share. There remain 141,114,943 ordinary shares in issue.

END



                      This information is provided by RNS
            The company news service from the London Stock Exchange