Result of AGM

Scottish American Investment Co PLC
22 March 2000


RESULT OF ANNUAL GENERAL MEETING

At the Annual General Meeting of the Company held today, the resolution
seeking a further share buy back authority was duly passed. Of the proxy votes
cast, 98% were in favour. Accordingly, the Company now has the authority for
further share repurchases for 24,371,632 ordinary shares in the Company.

Enquiries:

Teddy Tulloch     0131 226 3271
Stewart Ivory & Company Limited