Purchase of Own Securities

Scottish American Investment Co PLC
2 February 2000

The Scottish American Investment Company plc

Repurchase of Ordinary Shares for cancellation

The Scottish American Investment Company plc announces that on
2nd February, 2000, it purchased for cancellation 200,000
ordinary shares in the market at a price of 247p per ordinary
share.  There remains 164,115,943 ordinary shares in issue.