Net Asset Value(s)

Baillie Gifford Shin Nippon PLC
16 November 2007


Baillie Gifford Shin Nippon PLC                                                                        15 November 2007

                                                          Net Asset Value with borrowings at par                177.45p

                                                   Net Asset Value with borrowings at fair value                177.02p


All Net Asset Values are calculated using closing bid market prices


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