Net Asset Value(s)

Baillie Gifford Shin Nippon PLC
25 September 2006


Baillie Gifford Shin Nippon PLC                                                                       22 September 2006

                                                              Net Asset Value with borrowings at par            209.25p

                                                       Net Asset Value with borrowings at fair value            209.15p


All Net Asset Values are calculated using closing bid market price from the London Stock Exchange


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