Net Asset Value(s)

Baillie Gifford Shin Nippon PLC
21 January 2008


Baillie Gifford Shin Nippon PLC                                                                         18 January 2008

                                                           Net Asset Value with borrowings at par               147.27p

                                                    Net Asset Value with borrowings at fair value               146.63p


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