Purchase of Own Securities

Scottish American Investment Co PLC
17 May 2002


The Scottish American Investment Company plc

Repurchase of ordinary shares for cancellation

The Scottish American Investment Company plc announces that on 17 May, 2002 it
purchased for cancellation 100,000 ordinary shares in the market at a price of
192p per ordinary share. There remain 140,864,943 ordinary shares in issue.

END

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