Re Directorate

Scottish American Investment Co PLC
13 September 2000

                  SAINTS - ANNOUNCEMENT RE NEW DIRECTOR
                                    
                                    
At  a  Board  Meeting  of The Scottish American Investment  Company  Plc
('SAINTS')  this  morning Mr Brian Ivory was appointed  a  non-executive
director of SAINTS with immediate effect.

Mr Ivory, aged 51, was previously Chairman of Highland Distillers Plc where he
had been  a  Director  since  1978 and had held  the  position  of  Managing
Director from 1988 and Group Chief Executive from 1994 to 1997.

He  is  a Director of the Bank of Scotland, a Director of Remy Cointreau
SA  and  is  also Chairman of the Trustees of the National Galleries  of
Scotland.

Brian  Ivory is a Fellow of the Royal Society of Arts, a Freeman of  the
City of London and a Companion of the Institute of Management.

Educated at Eton College and Magdalene College, Cambridge, he worked  in
Australia  and  the  United  States before  qualifying  as  a  Chartered
Accountant.  Brian Ivory is married with two children and in his leisure
time enjoys the arts, farming and hill walking.

He was awarded the CBE in January 1999 for services to the Scotch Whisky
Industry and the Arts.

Set  out  below  are the details of the directorships  of  all  publicly
quoted companies held over the previous 5 years by Mr Ivory.

Current Directorships                        Past Directorships

The Governor & Company of the                Highland Distillers Plc 
Bank of Scotland                             Macallan - Glenlivet Plc
Remy Cointreau SA

There are no details to be disclosed under paragraph 6.F.2(b) to (g).

Mr  Ivory has no interest in shares of SAINTS at present but intends  to
acquire  shares to comply with the directors' shareholdings requirements
contained in SAINTS' Articles of Association.

For further information please contact Marcus Brooks or Teddy Tulloch of
Stewart Ivory & Company Limited on 0131 473 2200.