Notice of early redemption

Scottish American Investment Co PLC
11 June 2001


11th June 2001

For immediate release

The Scottish American Investment Company P.L.C.

4 per cent Irredeemable Debenture Stock (the 'Stock')

Notice of early redemption



The Scottish American Investment Company P.L.C. announces that it has today
given notice to redeem all the outstanding Stock. There is £476,000 of Stock
outstanding.

Under the terms of the Trust Deed six months' notice is required to be given.
The whole of the outstanding Stock is to be redeemed with a repayment date of
17 December 2001.

The register of Stockholders will finally close at the close of business on 10
December 2001 and no transfer relating to the Stock will be registered after
that time.

Repayment will be at par plus accrued interest and cheques will be posted to
Stockholders on the repayment date.



Further information:

The Scottish American Investment Company P.L.C.

James Ayling 0131 473 2200

Cazenove & Co. Ltd

Francis Burkitt, Director 020 7825 9942



This annnouncement has been approved for the purposes of section 57 of the
Financial Services Act 1986 by Cazenove & Co. Ltd, which is regulated by the
Securities and Future Authority.