Purchase of Own Securities

SCOTTISH AMERICAN INVESTMENT COMPANY PLC
7 September 1999


The Scottish American Investment Company plc (the 'Company')

Repurchase of Ordinary Shares for cancellation

The Scottish American Investment Company plc announces that on
7 September, 1999, it purchased for cancellation 50,000
ordinary shares in the market at a price of 245p per ordinary
share.  There remains 171,340,943 ordinary shares in issue.

Enquiries:

Teddy Tulloch, Stewart Ivory & Co. 0131 226 3271

Angus Gordon Lennox, Cazenove & Co. 0171 588 2828