Net Asset Value(s)

Baillie Gifford Shin Nippon PLC
16 April 2008


Baillie Gifford Shin Nippon PLC                                                                           15 April 2008

                                                             Net Asset Value with borrowings at par             142.47p

                                                      Net Asset Value with borrowings at fair value             141.83p


All Net Asset Values are calculated using closing bid market prices


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