Net Asset Value(s)

Scottish American Investment Co PLC
16 July 2007


The issuer advises that the following replaces the Net Asset Value announcement released
today at 12:30pm under RNS number 350174.

Net Asset Value with Loans at Par for The Scottish American Investment Company P.L.C.as at
                                                                              13 July 2007

                           Net Asset Value with borrowings at Book:                298.86p
                     Net Asset Value with borrowings at fair value:                293.70p
All Net Asset Values are calculated using closing bid market prices






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