Purchase of Own Securities

Scottish American Investment Co PLC
21 June 2002

The Scottish American Investment Company plc

Repurchase of ordinary shares for cancellation

The Scottish American Investment Company plc announces that on 21 June 2002 it

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

169p per ordinary share. There remain 139,539,943 ordinary shares in issue.


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

POSILFIDRTILFIF