Purchase of Own Securities

Scottish American Investment Co PLC
24 August 2001



The Scottish American Investment Company plc

Repurchase of ordinary shares for cancellation

The Scottish American Investment Company plc announces that on 23 August 2001
it purchased for cancellation 200,000 ordinary shares in the market at a price
of 200.5p per ordinary share. There remain 150,004,943 ordinary shares in
issue.

END