Directorate Change

Scottish American Investment Co PLC
29 July 2005


                The Scottish American Investment Company P.L.C.

                            Appointment of Director


The Board of The Scottish American Investment Company P.L.C. is pleased to
announce the appointment of Mr Peter Moon as a Director of the Company with
immediate effect.

Mr Moon, who is 55, has been Chief Investment Officer of the £23bn Universities
Superannuation Scheme Limited fund since 1992.  He is a Director of MBNA Europe
and is  a former Member of the National Association of Pension Funds Investment
Committee.  Prior to joining the Universities Superannuation Scheme, Mr Moon
managed investments at the British Airways Pension Fund and the National
Provident Institution which he joined in 1978.

His appointment falls to be ratified at the 2006 Annual General Meeting of the
Company.

                                                            Baillie Gifford & Co
                                                        Managers and Secretaries
                                                                    29 July 2005


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