Net Asset Value(s)

Baillie Gifford Shin Nippon PLC
16 October 2006


Baillie Gifford Shin Nippon PLC                                                                         13 October 2006

                                                                Net Asset Value with borrowings at par          203.87p

                                                         Net Asset Value with borrowings at fair value          203.78p


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