Net Asset Value(s)

Scottish American Investment Co PLC
16 July 2007


Scottish Mortgage Investment Trust PLC                                                                     13 July 2007

                                                              Net Asset Value with borrowings at par            711.39p

                                                       Net Asset Value with borrowings at fair value            690.52p


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