Purchase of Own Securities

Scottish American Investment Co PLC
18 July 2001


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

Repurchase of ordinary shares for cancellation

The Scottish American Investment Company plc announces that on 18 July, 2001
it purchased for cancellation 100,000 ordinary shares in the market at a price
of 207.5p per ordinary share. There remain 152,379,943 ordinary shares in
issue.

END