Dividend Declaration

Scottish American Investment Co PLC
11 October 2000


THE SCOTTISH AMERICAN INVESTMENT COMPANY PLC

Interest on the Equities Index Unsecured Loan Stock 2004 for the period 1st
July to 30th September 2000 has been calculated at pounds sterling 20.31 per
1,000 units of stock. Interest will be paid on 13th October 2000 to holders
registered on 30th September 2000.