RNS Number:2233M
Scottish American Investment Co PLC
11 June 2003


Schedule 11 - Notification of interests of Directors and Connected Persons



1 Name of company:

The Scottish American Investment Company Plc (SAINTS)


2 Name of director:

Mr William Berry


3 Please state whether notification indicates that it is in respect of holding
of the director named in 2 above or holding of that person's spouse or children
under the age of 18 or in respect of a non- beneficial interest:

Self and Spouse


4 Name of registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified):




5 Please state whether notification relates to a person(s) connected with the
director named in 2 above and identify the connected person(s):




6 Please state the nature of the transaction. For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary:

The SAINTS PEP Scheme invests in SAINTS and other companies' shares which are
selected by the Plan Managers and the purchases noted have been financed by the
receipt of dividends / interest into the Scheme.


7 Number of shares/amount of stock acquired:

27 Ordinary shares on 13th May 2003 at #1.34 (Mr Berry)
32 Ordinary shares on 23rd May 2003 at #1.37 (Mrs Berry)


8 Percentage of issued class:




9 Number of shares/amount of stock disposed:




10 Percentage of issued class:




11 Class of security:

Ordinary 25p shares


12 Price per share:

As above


13 Date of transaction:

As above


14 Date company informed:

5th June 2003


15 Total holding following this notification:




16 Total percentage holding of issued class following this notification:




If a director has been granted options by the company, please complete the
following fields:


17 Date of grant:




18 Period during which or date on which exercisable:




19 Total amount paid (if any) for grant of the option:




20 Description of shares or debentures involved: class, number:




21 Exercise price (if fixed at time of grant) or indication that price is to be
fixed at time of exercise:




22 Total number of shares or debentures over which options held following this
notification:




23 Contact name for queries:

Shona Darling of First State Investment Management (UK) Limited


24 Contact telephone number:

0131 473 2200


25 Name of company official responsible for making notification:




Additional Information:





                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
RDSEAXKFFLADEFE