Purchase of Own Securities

Scottish American Investment Co PLC
17 July 2002

The Scottish American Investment Company plc

Repurchase of ordinary shares for cancellation

The Scottish American Investment Company plc announces that on 16 July 2002 it
purchased for cancellation 92,000 ordinary shares in the market at a price of
147.043p per ordinary share. There remain 139,272,943 ordinary shares in issue.

END



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