Purchase of Own Securities

Scottish American Investment Co PLC
03 April 2003


Scottish American Investment Company plc

Repurchase of ordinary shares for cancellation

The Scottish American Investment Company plc announces that on 3 April 2003 it
purchased for cancellation 100,000 ordinary shares in the market at a price of
120p per ordinary share. There remain 135,872,943 ordinary shares in issue.

END.

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