Purchase of Own Securities

Cairngorm B.S. Inv Tst PLC
5 January 2001

Cairngorm B.S Investment Trust PLC

Cairngorm Nos.1 -10 Building Society Investment Trust plc announce that on 3rd
January 2001 each of the Trusts bought back 30,000 shares for cancellation at
a price of 96.1p per share which is the equivalent price of 961p per share
unit. Following the buy back there are 1,398,620 shares in issue per Trust.
The share buy back is being achieved by the application of capital reserves in
accordance with the announced policy of the Boards.



5 January 2001