Scot.American Inv. - AGM Statement

RNS Number:1047S
Scottish American Investment Co PLC
10 April 2008

THE SCOTTISH AMERICAN INVESTMENT COMPANY P.L.C.

Annual General Meeting held on 10 April 2008

At the AGM held on 10 April 2008 all resolutions were passed, including those
detailed below:

Special Business:

• Shareholders approved a special resolution renewing the Company's authority
to make market purchases of up to 14.99% of the Company's issued share
capital, being 19,859,642 ordinary shares of 25p. This authority will
expire at the conclusion of the AGM to be held in 2009 or on 9 October
2009, whichever is the earlier, unless previously varied, revoked or
renewed.

• Shareholders approved a special resolution renewing the Company's authority
to issue additional shares and sell treasury shares on a non-pre-emptive
basis up to £3,312,148.50, being 10% of the total issued share capital of
the Company. The Directors do not intend to use these powers to issue/sell
shares at a discount to net asset value. This authority will expire at the
conclusion of the AGM to be held in to be held in 2009 or on 9 October
2009, whichever is the earlier.

• Shareholders approved a special resolution to amend the Company's Articles
of Association with effect from 1 October 2008. The amendments are to
reflect the provisions of Section 175 of the Companies Act 2006, which
relate to conflicts of interest and which come in to force on 1 October
2008.

A copy of the resolutions passed under special business have been submitted to
the UK Listing Authority and will shortly be available for inspection at the UK
Listing Authority's Document Viewing Facility at the address below.

Financial Services Authority
25 The North Colonnade
Canary Wharf
London
E14 5HS

Tel. no. (0)20 7066 1000
Baillie Gifford & Co
Managers and Secretaries
10 April 2008

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