Net Asset Value(s)

Scottish American Investment Co PLC
23 February 2006


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

Net Asset Value  with Debentures at Book:                                          270.80p
Net Asset Value with Debentures at Market Value*:                                  256.82p





Net Asset Value is 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