Net Asset Value(s)

Baillie Gifford Shin Nippon PLC
22 December 2005


       Net Asset Value with Loans at Par for Baillie Gifford Shin Nippon PLC as at 21
                                                                        December 2005

                                                                              274.57p

Net Asset Value is calculated using closing mid market price from the London Stock
Exchange




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