Purchase of Own Securities

Caledonian Trust PLC
16 January 2002


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


On 16 January 2002 the Company acquired a total of 400,000 of its own Ordinary
Shares as detailed below:-


1.   The transaction was effected on 16 January 2002


2.   The securities acquired were Ordinary Shares of 20p each in the
     capital of the Company.  The shares were purchased from Aberdeen 
     Development Capital plc by way of a market transaction at a price of 98p 
     per share. Following this transaction Aberdeen Development Capital plc no 
     longer has a notifiable interest in the Company.


3.   The shares will be cancelled.


4.   Following this buy-back the authorised and issued ordinary
     share capital of the Company will be 11,617,769 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 15 January 2002 until 15 February 2002 in the
offices of Noble & Company Limited, 4th Floor, 1 Frederick's Place, London,
EC2R 8AB



16 January 2002