Net Asset Value(s)

Baillie Gifford Shin Nippon PLC
02 June 2006



                                     Baillie Gifford Shin Nippon PLC                                        1 June 2006

                                                                   Net Asset Value with borrowings at par       238.45p

                                                            Net Asset Value with borrowings at fair value       238.76p


    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