Net Asset Value(s)

Scottish Mortgage Inv Tst PLC
22 May 2006


Scottish Mortgage Investment Trust PLC                                                                      19 May 2006

                                                                    Net Asset Value with Debentures at Par      550.55p

                                                           Net Asset Value with Debentures at Market Value      524.67p


All Net Asset Values are calculated using closing bid market price from the London Stock Exchange


                      This information is provided by RNS
            The company news service from the London Stock Exchange