Dividend Declaration

Scottish American Investment Co PLC
17 April 2002



THE SCOTTISH AMERICAN INVESTMENT COMPANY PLC

The Directors of The Scottish American Investment Company PLC (SAINTS) have
today declared a first quarterly dividend in respect of the year to 31st
December 2002 of 1.40p per Ordinary share payable on 1st July 2002 to
shareholders registered on 31st May 2002.





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