Purchase of Own Securities

Scottish American Investment Co PLC
11 June 2002

The Scottish American Investment Company plc

Repurchase of ordinary shares for cancellation

The Scottish American Investment Company plc announces that on 11 June, 2002 it
purchased for cancellation 50,000 ordinary shares in the market at a price of
181.5p per ordinary share. There remain 140,614,943 ordinary shares in issue.

END.





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