Purchase of Own Securities

Scottish American Investment Co PLC
4 December 2000

Scottish American Investment Company PLC

Repurchase of Ordinary Shares for Cancellation

The Scottish American Investment Company PLC announces that on 4 December,
2000 it purchased for cancellation 50,000 ordinary shares in the market at a
price of 252p per ordinary share. There remain 157,020,943 ordinary shares in
issue.