Purchase of Own Securities

Scottish American Investment Co PLC
12 June 2001


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

Repurchase of ordinary shares for cancellation

The Scottish American Investment Company plc announces that on 11 June, 2001
it purchased for cancellation 100,000 ordinary shares in the market at a price
of 234p per ordinary share. There remain 154,420,943 ordinary shares in issue.

END