Net Asset Value(s)

Baillie Gifford Shin Nippon PLC
01 June 2006


Baillie Gifford Shin Nippon PLC                                                                             31 May 2006

                                                                    Net Asset Value with borrowings at par      240.90p

                                                             Net Asset Value with borrowings at fair value      241.22p


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