Purchase of Own Securities

Scottish American Investment Co PLC
19 September 2002

Scottish American Investment Company plc

Repurchase of ordinary shares for cancellation

The Scottish American Investment Company plc announces that on 18 September 2002
it purchased for cancellation 100,000 ordinary shares in the market at a price
of 141.5p per ordinary share. There remain 138,002,943 ordinary shares in issue.

END.


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