Net Asset Value(s)

Scottish American Investment Co PLC
19 December 2005


                    The Scottish American Investment Company P.L.C.       16 December 2005

                           Net Asset Value with Debentures at Book:                246.19p
                  Net Asset Value with Debentures at Market Value*:                234.55p



* All Net Asset Values are calculated using closing mid market price from the
London Stock Exchange




                      This information is provided by RNS
            The company news service from the London Stock Exchange