Net Asset Value(s)

Baillie Gifford Shin Nippon PLC
27 July 2006


Baillie Gifford Shin Nippon PLC                                                                            26 July 2006

                                                                   Net Asset Value with borrowings at par       203.15p

                                                            Net Asset Value with borrowings at fair value       203.74p


All Net Asset Values are calculated using closing bid market price from the London Stock Exchange


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