AGM Statement

Scottish American Investment Co PLC
10 April 2008


                THE SCOTTISH AMERICAN INVESTMENT COMPANY P.L.C.

                  Annual General Meeting held on 10 April 2008


At the AGM held on 10 April 2008 all resolutions were passed, including those
detailed below:

Special Business:
     
•    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 19,859,642 ordinary shares of 25p. This authority will 
     expire at the conclusion of the AGM to be held in 2009 or on 9 October 
     2009, 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 2009 or on 9 October 
     2009, whichever is the earlier.

•    Shareholders approved a special resolution to amend the Company's Articles 
     of Association with effect from 1 October 2008. The amendments are to
     reflect the provisions of Section 175 of the Companies Act 2006, which 
     relate to conflicts of interest and which come in to force on 1 October 
     2008.

A copy of the resolutions passed under special business have been submitted to
the UK Listing Authority and will shortly be available for inspection at the UK
Listing Authority's Document Viewing Facility at the address below.

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

Tel. no. (0)20 7066 1000
                                                            Baillie Gifford & Co
                                                        Managers and Secretaries
                                                                   10 April 2008



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