Result of AGM

Scottish American Investment Co PLC
28 March 2002



THE SCOTTISH AMERICAN INVESTMENT COMPANY PLC

RESULT OF ANNUAL GENERAL MEETING

All the resolutions proposed at the Annual General Meeting of the Company held
today were passed. In particular, the resolution seeking a further share
buy-back authority was passed. Of the proxy votes cast for this resolution, 96%
were in favour. Accordingly, the Company now has the authority for further share
repurchases for 21,389,222 ordinary shares in the Company being 14.99% of the
issued share capital as at today's date.



Enquiries:



Stuart Paul 0131 473 2200

First State Investment Management (UK) Limited



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