Amendment to Articles

Scottish American Investment Co PLC
06 March 2008


                The Scottish American Investment Company P.L.C.
                                 (the 'Company')

         Annual General Meeting - Amendment to Articles of Association

The Company has, in accordance with DTR 6.1.2, submitted a draft of the
Company's proposed revised Articles of Association to the UK Listing Authority.
The Articles are being amended to reflect the provisions of Section 175 of the
Companies Act 2006, which relate to conflicts of interest. If the amendments to
the Articles are approved by Shareholders at the Annual General Meeting of the
Company to be held on 10 April 2008, the new Articles will take effect from 1
October 2008.  The proposed revised Articles of Association will shortly be
available for inspection 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
                                                             Company Secretaries
                                                                    6 March 2008

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