Net Asset Value(s)

Baillie Gifford Shin Nippon PLC
18 October 2006


Baillie Gifford Shin Nippon PLC                                                                         17 October 2006

                                                                Net Asset Value with borrowings at par          211.29p

                                                         Net Asset Value with borrowings at fair value          211.20p


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