Dividend Declaration

RNS Number : 1115V

Scottish American Investment Co PLC

22 May 2008

The Scottish American Investment Company P.L.C. ('SAINTS')

First interim dividend for 2008.

The Board of SAINTS announces that it is declaring a first interim dividend of 2.15p (up 7.5% on the corresponding dividend last year) per ordinary share in respect of the year to 31 December 2008, payable on 30 June 2008 to shareholders on the register at the close of business on 6 June 2008. The ex-dividend date is 4 June 2008.

Baillie Gifford & Co

Company Secretaries

22 May 2008