Purchase of Own Securities

Scottish American Investment Co PLC
30 November 1999


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

Repurchase of Ordinary Shares for cancellation

The Scottish American Investment Company plc announces
that on 30th November, 1999, it purchased for
cancellation 500,000 ordinary shares in the market at a
price of 252p per ordinary share.  There remains
169,365,943 ordinary shares in issue.