Repurchase of ordinary shares

Scottish American Investment Co PLC 16 January 2002 The Scottish American Investment Company plc Repurchase of ordinary shares for cancellation The Scottish American Investment Company plc announces that on 16 January 2002 it purchased for cancellation 200,000 ordinary shares in the market at a price of 189p per ordinary share. There remain 146,404,943 ordinary shares in issue. END
UK 100

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