Purchase of Own Securities

Scottish American Investment Co PLC
16 May 2002

The Scottish American Investment Company plc

Repurchase of ordinary shares for cancellation

The Scottish American Investment Company plc announces that on 16 May, 2002 it
purchased for cancellation 150,000 ordinary shares in the market at a price of
192p per ordinary share. There remain 140,964,943 ordinary shares in issue.

END





                      This information is provided by RNS
            The company news service from the London Stock Exchange