Purchase of Own Securities

Scottish American Investment Co PLC
12 February 2002

The Scottish American Investment Company plc

Repurchase of ordinary shares for cancellation

The Scottish American Investment Company plc announces that on 12 February 2002
it purchased for cancellation 100,000 ordinary shares in the market at a price
of 191p per ordinary share. There remain 144,914,943 ordinary shares in issue.

END.





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