Net Asset Value(s)

Scottish American Investment Co PLC
12 September 2007


Scottish Mortgage Investment Trust PLC                                                                11 September 2007

                                                        Net Asset Value with borrowings at par                  668.53p

                                                 Net Asset Value with borrowings at fair value                  645.02p


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