Purchase of Own Securities

Baillie Gifford Shin Nippon PLC
11 March 2003


                        Baillie Gifford Shin Nippon PLC

                           Purchase of Own Securities

On 11 March 2003, the Company purchased for cancellation 300,000 ordinary shares
at a price of 73.00p, bringing the total number of shares bought back to
1,205,000.

There remain 30,600,492 ordinary shares in issue.

                                                           Baillie Gifford & Co.

                                                             Company Secretaries

                                                                   11 March 2003


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