Purchase of Own Securities

Scottish American Investment Co PLC
29 May 2002





The Scottish American Investment Company plc


Repurchase of ordinary shares for cancellation


The Scottish American Investment Company plc announces that on 29 May, 2002 it
purchased for cancellation 100,000 ordinary shares in the market at a price of
187.5p per ordinary share. There remain 140,664,943 ordinary shares in issue.

END



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