AGM Statement

Scottish American Investment Co PLC
05 April 2007


                THE SCOTTISH AMERICAN INVESTMENT COMPANY P.L.C.

                      Annual General Meeting, 5 April 2007


At the AGM held on 5 April 2007 all resolutions were passed, including those
detailed below:
     
•    Shareholders approved a special resolution renewing the Company's authority 
     to make market purchases of up to 14.99% of the Company's issued share 
     capital, being 19,859,643 ordinary shares of 25p. This authority will 
     expire at the conclusion of the AGM to be held in 2008 or on 4 October
     2008, whichever is the earlier, unless previously varied, revoked or 
     renewed.

•    Shareholders approved a special resolution renewing the Company's authority 
     to issue additional shares and sell treasury shares on a non-pre-emptive 
     basis up to £3,312,148.50, being 10% of the total issued share capital of 
     the Company. The Directors do not intend to use these powers to issue/sell 
     shares at a discount to net asset value. This authority will expire at the
     conclusion of the AGM to be held in to be held in 2008 or on 4 October 
     2008, whichever is the earlier.

The full text of all the resolutions can be found in the Notice of Annual
General Meeting contained in the Annual Report and Accounts, copies of which are
available for viewing at the UK Listing Authority's Document Viewing Facility,
which is situated at:

Financial Services Authority
25 The North Colonnade
Canary Wharf
London
E14 5HS

Tel. no. (0)20 7676 1000


                                                            Baillie Gifford & Co
                                                        Managers and Secretaries
                                                                    5 April 2007


                      This information is provided by RNS
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