Purchase of Own Shares

Baillie Gifford Shin Nippon PLC
11 July 2000


THE BOARD OF BAILLIE GIFFORD SHIN NIPPON PLC TODAY AGREED TO TAKE STEPS TO
SEEK AUTHORITY FOR THE COMPANY TO BUY BACK ITS OWN SHARES.
A CIRCULAR WILL BE POSTED TO SHAREHOLDERS AND WARRANTHOLDERS IN DUE COURSE.


BAILLIE GIFFORD & CO
MANAGERS & SECRETARIES