Purchase of Own Securities

Scottish American Investment Co PLC
27 March 2000

Scottish American Investment Company PLC
Repurchase of Ordinary Shares for Cancellation

The Scottish American Investment Company PLC announces that on
27th March, 2000 it purchased for cancellation 300,000
ordinary shares in the market at a price of 266p per ordinary
share and 325,000 ordinary shares at a price of 265.5p per
ordinary share.