Result of EGM

SCOTTISH AMERICAN INVESTMENT COMPANY PLC
11 August 1999


Result of Extraordinary General Meeting

At  the  Extraordinary General Meeting  of  the  Company  held
today,  the  resolution  seeking  a  further  share  buy  back
authority was duly passed. Of the proxy votes cast,  99%  were
in  favour. Accordingly, the Company now has the authority for
further  share repurchases for 28,494,365 ordinary  shares  in
the Company.

Enquiries

Teddy Tulloch           0131 226 3271
Stewart Ivory & Company Limited

Angus Gordon Lennox      0171 588 2828
Cazenove & Co.