Purchase of Own Securities

Scottish American Investment Co PLC
12 April 2002

Scottish American Investment Company plc

Repurchase of ordinary shares for cancellation

The Scottish American Investment Company plc announces that on 12 April 2002 it
purchased for cancellation 50,000 ordinary shares in the market at a price of
190.5p per ordinary share. There remain 142,289,943 ordinary shares in issue.

END



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