Disclosure of Rights Attached to Ordinary Shares

THE SCOTTISH AMERICAN INVESTMENT COMPANY P.L.C.

Legal Entity Identifier: 549300NF03XVC5IFB447

Information disclosed in accordance with LR 9.2.6ER(1)

In compliance with Listing Rule 9.2.6ER(1), the Company has forwarded to the FCA for publication a copy of its Articles of Association, which is the document that sets out the terms and conditions on which its listed equity shares were issued.

A copy of the Company's Articles of Association has been submitted to the National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism

Baillie Gifford & Co Limited

Company Secretaries

 29 April 2020

Regulated Information Classification: Additional regulated information required to be disclosed under applicable laws.