Purchase of Own Secs-Replcmnt

Scottish American Investment Co PLC
24 August 2001

The issuer advises that the following announcement replaces RNS 9878I, which
was released at 08.40 on 24th August, 2001. The amount of ordinary shares
purchased for cancellation should have read 250,000 instead of 200,000. The
full text of the announcement appears below:


The Scottish American Investment Company plc

Repurchase of ordinary shares for cancellation

The Scottish American Investment Company plc announces that on 23 August 2001
it purchased for cancellation 250,000 ordinary shares in the market at a price
of 200.5p per ordinary share. There remain 150,004,943 ordinary shares in
issue.

END