Scot.amer.inv. Regulatory News (SAIN)

The Scottish American Investment Company P.L.C.

16 July 2020

Legal Entity Identifier: 549300NF03XVC5IFB447

Cum NAV with borrowings at book

416.20p

Cum Fair NAV

411.44p

Ex NAV with borrowings at book

412.35p

Ex Fair NAV

407.59p

The fair value of the debentures is calculated using a closing offer price

Net Asset Values are calculated in accordance with published accounting policies and AIC guidelines

Cum Par NAV: Net asset value per share in pence, including income, with debt at par value.

Cum Fair NAV: Net asset value per share in pence, including income, with debt at fair value.

Ex Par NAV: Net asset value per share in pence, excluding income, with debt at par value.

Ex Fair NAV: Net asset value per share in pence, excluding income, with debt at fair value.