Purchase of Own Securities

Scottish American Investment Co PLC
30 May 2001

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

Repurchase of ordinary shares for cancellation

The Scottish American Investment Company plc announces that on 30 May, 2001 it
purchased for cancellation 100,000 ordinary shares in the market at a price of
234p per ordinary share. There remain 154,520,943 ordinary shares in issue.

END