Purchase of Own Securities

Scottish American Investment Co PLC
11 March 2003

Scottish American Investment Company plc

Repurchase of ordinary shares for cancellation

The Scottish American Investment Company plc announces that on 11 March 2003 it
purchased for cancellation 200,000 ordinary shares in the market at a price of
113.5p per ordinary share. There remain 136,767,943 ordinary shares in issue.

END.


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