Purchase of Own Securities

Scottish American Investment Co PLC
15 July 2002




The Scottish American Investment Company plc



Repurchase of ordinary shares for cancellation

The Scottish American Investment Company plc announces that on 15 July 2002 it

purchased for cancellation 75,000 ordinary shares in the market at a price of

151.67p per ordinary share. There remain 139,364,943 ordinary shares in issue.



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