Purchase of Own Securities

Scottish American Investment Co PLC
17 December 2002


Scottish American Investment Company plc

Repurchase of ordinary shares for cancellation

The Scottish American Investment Company plc announces that on 17 December 2002
it purchased for cancellation 100,000 ordinary shares in the market at a price
of 130.5p per ordinary share. There remain 137,827,943 ordinary shares in issue.

END.

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