Purchase of Own Securities

Scottish American Investment Co PLC
8 August 2001

The Scottish American Investment Company plc

Repurchase of ordinary shares for cancellation

The Scottish American Investment Company plc announces that on 7 August 2001
it purchased for cancellation 200,000 ordinary shares in the market at a price
of 209.25p per ordinary share. There remain 151,879,943 ordinary shares in
issue.

END