Purchase of Own Securities

Scottish American Investment Co PLC
30 July 2002

The Scottish American Investment Company plc

Repurchase of ordinary shares for cancellation

The Scottish American Investment Company plc announces that on 30 July 2002 it

purchased for cancellation 100,000 ordinary shares in the market at a price of

147p per ordinary share. There remain 139,172,943 ordinary shares in issue.




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