Purchase of Own Securities

Scottish American Investment Co PLC
25 March 2002

Scottish American Investment Company plc

Repurchase of ordinary shares for cancellation

The Scottish American Investment Company plc announces that on 25 March 2002 it
purchased for cancellation 125,000 ordinary shares in the market at a price of
196p per ordinary share. There remain 142,739,943 ordinary shares in issue.

END.




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