Purchase of Own Securities

Scottish American Investment Co PLC
10 September 2001

The Scottish American Investment Company plc

Repurchase of ordinary shares for cancellation

The Scottish American Investment Company plc announces that on 10 September
2001 it purchased for cancellation 100,000 ordinary shares in the market at a
price of 180p per ordinary share. There remain 149,904,943 ordinary shares in
issue.

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