Purchase of Own Securities

Scottish American Investment Co PLC
30 December 2002



Scottish American Investment Company plc

Repurchase of ordinary shares for cancellation

30 December 2002

The Scottish American Investment Company plc announces that on 27 December 2002
it purchased for cancellation 150,000 ordinary shares in the market at a price
of 131p per ordinary share. There remain 137,677,943 ordinary shares in issue.

END.












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