Directorate Change

Scottish American Investment Co PLC
18 September 2002

                    SAINTS - ANNOUNCEMENT RE NEW DIRECTOR


At a Board Meeting of The Scottish American Investment Company Plc ('SAINTS')
this morning (18th September 2002) Sir John Kerr GCMG was appointed a
non-executive director of SAINTS with immediate effect.



Sir John, aged 60, is Secretary General of the European Convention. He was born
in Grantown-on-Spey, brought up in Glasgow and educated at Glasgow Academy and
Pembroke College, Oxford. He is married with two sons and three daughters.



Sir John was Head of the Diplomatic Service from 1997 to 2002 having joined in
1966. His career, which included a period in HM Treasury, concluded with
successive appointments as UK Permanent Representative to the European Union,
British Ambassador in Washington and Permanent Under Secretary of State at the
Foreign & Commonwealth Office.



He is a Trustee of the National Gallery in London and the Rhodes Trust in
Oxford.



Set out below are the details of the directorships of all publicly quoted
companies held over the previous 5 years by Sir John.



Current Directorships
Past Directorships



The 'Shell' Transport and Trading Company Plc                    N/A



There are no details to be disclosed under paragraph 6.F.2(b) to (g).



Prior to his appointment, Sir John purchased 3,000 ordinary shares in SAINTS on
20th August at £1.56 per share.



For further information please contact Lucy Allan, Head of Investment Trusts at
First State Investment Management (UK) Limited on 0207 332 6573.







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