Result of Meeting

Baillie Gifford Shin Nippon PLC
24 August 2000

                BAILLIE GIFFORD SHIN NIPPON PLC (THE 'COMPANY')               

                        BUY-BACK AUTHORITY

At an Extraordinary General Meeting and a General Meeting of Warrantholders of
the Company held earlier today, the Board sought and received authority to
make market purchases of up to 14.99 per cent of the Company's current issued
share capital, being 4,767,643 shares.  Such authority is due to expire on the
date of the Company's Annual General Meeting to be held in 2001 unless
previously varied, revoked or renewed.  Purchases of shares will only be made
at prices which, after allowing for costs, will enhance the net asset value
per share of the Company.

At today's Extraordinary General Meeting shareholders also approved a
resolution amending the Company's Articles of Association to take account of
the change in the law to permit an investment company to distribute its
capital profits for the purpose of purchasing its own shares without losing
investment company status.