Purchase of Own Securities

Scottish American Investment Co PLC
28 March 2003



Scottish American Investment Company plc

Repurchase of ordinary shares for cancellation

28 March 2003

The Scottish American Investment Company plc announces that on 28 March 2003 it
purchased for cancellation 100,000 ordinary shares in the market at a price of
117.5p per ordinary share. There remain 136,407,943 ordinary shares in issue.

END.














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