Net Asset Value(s)

Scottish Mortgage Inv Tst PLC
23 May 2006


Scottish Mortgage Investment Trust PLC                                                                      22 May 2006

                                                                    Net Asset Value with Debentures at Par      534.33p

                                                           Net Asset Value with Debentures at Market Value      508.77p


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