Net Asset Value(s)

Baillie Gifford Shin Nippon PLC
10 September 2007



                               Baillie Gifford Shin Nippon PLC                                         7 September 2007

                                                        Net Asset Value with borrowings at par                  177.33p

                                                 Net Asset Value with borrowings at fair value                  177.09p


             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