Purchase of Own Securities

Scottish American Investment Co PLC
12 April 2001

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

Repurchase of ordinary shares for cancellation

The Scottish American Investment Company plc announces that on 12th April,
2001 it purchased for cancellation 100,000 ordinary shares in the market at a
price of 223p per ordinary share. There remain 155,815,943 ordinary shares in
issue.


End.