Net Asset Value(s)

Baillie Gifford Shin Nippon PLC
01 February 2008


Baillie Gifford Shin Nippon PLC                                                                         31 January 2008

                                                           Net Asset Value with borrowings at par               145.21p

                                                    Net Asset Value with borrowings at fair value               144.43p


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