Net Asset Value(s)

Scottish Mortgage Inv Tst PLC
21 June 2006


Scottish Mortgage Investment Trust PLC                                                                     20 June 2006

                                                                   Net Asset Value with borrowings at par       535.25p

                                                          Net Asset Value with borrowings at market value       510.32p


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