Net Asset Value(s)

Scottish American Investment Co PLC
17 May 2006


                             The Scottish American Investment Company P.L.C.                                16 May 2006

                                                                  Net Asset Value with Debentures at Book       258.93p

                                                          Net Asset Value with Debentures at Market Value       249.08p


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


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