Purchase of Own Securities

Scottish American Investment Co PLC
7 March 2002



Scottish American Investment Company plc

Repurchase of ordinary shares for cancellation

The Scottish American Investment Company plc announces that on 7 March 2002 it
purchased for cancellation 150,000 ordinary shares in the market at a price of
197.5p per ordinary share. There remain 143,864,943 ordinary shares in issue.

END.



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