Purchase of Own Securities

Scottish American Investment Co PLC
26 February 2003

Scottish American Investment Company plc


Repurchase of ordinary shares for cancellation


The Scottish American Investment Company plc announces that on 26 February 2003
it purchased for cancellation 100,000 ordinary shares in the market at a price
of 120p per ordinary share. There remain 136,967,943 ordinary shares in issue.


END.


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