Purchase of Own Securities

SCOTTISH AMERICAN INVESTMENT COMPANY PLC
1 October 1999

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

Repurchase of Ordinary Shares for cancellation

The Scottish American Investment Company plc announces that on
30 September 1999, it purchased for cancellation 100,000
ordinary shares in the market at a price of 228.5p per
ordinary share.  There remains 170,990,943 ordinary shares in
issue.

Enquiries:

Teddy Tulloch, Steart Ivory & Co. 0131 226 3271

Angus Gordon Lennox, Cazenove & Co. 0171 588 2828