Purchase of Own Securities

Scottish American Investment Co PLC
19 November 2002


Scottish American Investment Company plc

Repurchase of ordinary shares for cancellation


The Scottish American Investment Company plc announces that on 19 November 2002
it purchased for cancellation 75,000 ordinary shares in the market at a price
of 137.5p per ordinary share. There remain 137,927,943 ordinary shares in issue.



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