Purchase of Own Securities

Scottish American Investment Co PLC
20 January 2000

Scottish American Investment Company plc (the 'Company')

Repurchase of Ordinary Shares for cancellation

The Scottish American Investment Company plc announces that on
20th January, 2000, it purchased for cancellation 2,500,000
ordinary shares in the market at a price of 257p per ordinary
share.  There remains 164,315,943 ordinary shares in issue.