Total Voting Rights

The Scottish American Investment Company P.L.C

Legal Entity Identifier: 549300NF03XVC5IFB447

Voting Rights and Capital

In conformity with Disclosure and Transparency Rule 5.6.1.R we would like to notify the market of the following:

The Scottish American Investment Company PLC capital consists of 151,055,943 ordinary shares with voting rights. The Scottish American Investment Company PLC holds no ordinary shares in Treasury.

The above figure (151,055,943) may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, The Scottish American Investment Company PLC under the FCA's Disclosure and Transparency Rules.

Baillie Gifford & Co Limited

Company Secretaries

2 June 2020

Regulated Information Classification: Total number of voting rights and capital