Net Asset Value(s)

Baillie Gifford Shin Nippon PLC
23 December 2005


       Net Asset Value with Loans at Par for Baillie Gifford Shin Nippon PLC as at 22
                                                                        December 2005

                                                                              277.17p

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