Purchase of Own Securities

Scottish American Investment Co PLC
24 January 2002


The Scottish American Investment Company plc

Repurchase of ordinary shares for cancellation

The Scottish American Investment Company plc announces that on 24 January 2002
it purchased for cancellation 400,000 ordinary shares in the market at a price
of 189p per ordinary share. There remain 145,904,943 ordinary shares in issue.

END



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