Purchase of Own Securities

Caledonian Trust PLC
10 October 2000


Caledonian Trust PLC ('the Company') announces:-

On 9 October 2000, the Company acquired a total of  2,500 of its own Ordinary
Shares as detailed below:-

(i)The transaction was effected on 9 October 2000.

(ii)The securities acquired were Ordinary Shares of 20p each in the capital of
the Company.   The shares were purchased by way of a market transaction at a
price of 54p per share.   

(iii)The shares will be cancelled.

(iv)Following this buy-back the authorised and issued Ordinary Share Capital
of the Company will be 12,226,995 Ordinary Shares of 20p each.

Copies of this announcement are available free of charge from the Company's
Head Office at 61 North Castle Street, Edinburgh, EH2 3LJ and will also be
available free of charge from 9 October until 23 October 2000 in the offices
of Noble & Company Limited, 4th Floor, 1 Frederick's Place, LONDON EC2R 8AB.