Purchase of Own Securities

Scottish American Investment Co PLC
14 June 2002

The Scottish American Investment Company plc

Repurchase of ordinary shares for cancellation

The Scottish American Investment Company plc announces that on 14 June, 2002 it
purchased for cancellation 975,000 ordinary shares in the market at a price of
173.15p per ordinary share. There remain 139,639,943 ordinary shares in issue.

END.



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