Net Asset Value(s)

Scottish American Investment Co PLC
23 May 2006


The Scottish American Investment Company P.L.C.                                                             22 May 2006

                                                                   Net Asset Value with Debentures at Book      244.00p

                                                           Net Asset Value with Debentures at Market Value      233.60p


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