Purchase of Own Securities

Scottish American Investment Co PLC
17 September 2002



Scottish American Investment Company plc

Repurchase of ordinary shares for cancellation

17 September 2002

The Scottish American Investment Company plc announces that on 17 September 2002
it purchased for cancellation 100,000 ordinary shares in the market at a price
of 144.5p per ordinary share. There remain 138,102,943 ordinary shares in issue.

END.


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