Director Shareholding

Scottish American Investment Co PLC
01 February 2005


Schedule 11 - Notification of interests of Directors and Connected Persons.


THE SCOTTISH AMERICAN INVESTMENT COMPANY P.L.C.


 1. Name of Director:

MR WILLIAM BERRY


 2. Please state whether notification indicates that it is in respect of holding
    of the director named in 2 above or holding of that person's spouse or
    children under the age of 18 or in respect of a non-beneficial interest:

BENEFICIAL


 3. Name of registered holder(s) and, if more than one holder, the number of
    shares held by each of them (if notified):

No. ORD 25p SHS                REGISTERED HOLDER

19,467                         WILLIAM BERRY
43,141                         ALLIANCE TRUST SAVINGS NOMINEES LTD.

62,608                         TOTAL


4.   Please state whether notification relates to a person(s) connected with the
director named in 2 above and identify the connected person(s):

MRS BERRY (SPOUSE)


 5. Please state the nature of the transaction. For PEP transactions please
    indicate whether general/single co PEP and if discretionary/non
    discretionary:

ALLIANCE PEP


 6. Number of shares/amount of stock acquired.

N/A


 7. Percentage of issued class:

N/A


 8. Number of shares/amount of stock disposed:

22 Shares


 9. Percentage of issued class:

0.000016%


10. Class of security:

ORDINARY 25P SHARES


11. Price per share:

163.00p


12. Date of transaction:

19 OCTOBER 2004


13. Date company informed:

24 DECEMBER 2004


14. Total holding following this notification:

62,586


15. Total percentage holding of issued class following this notification:

0.047%


Contact: Contact: Doreen Nic, Baillie Gifford & Co., 0131 275 3179




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