Purchase of Own Securities

Scottish American Investment Co PLC
1 March 2002

Scottish American Investment Company plc

Repurchase of ordinary shares for cancellation

The Scottish American Investment Company plc announces that on 1 March 2002 it
purchased for cancellation 100,000 ordinary shares in the market at a price of
190p per ordinary share. There remain 144,114,943 ordinary shares in issue.

END



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