Net Asset Value(s)

Baillie Gifford Shin Nippon PLC
25 March 2008


                                 Baillie Gifford Shin Nippon PLC                                          20 March 2008

                                                            Net Asset Value with borrowings at par              135.63p

                                                     Net Asset Value with borrowings at fair value              134.99p


               All Net Asset Values are calculated using closing bid market prices




                      This information is provided by RNS
            The company news service from the London Stock Exchange