Net Asset Value(s)

Scottish Mortgage Inv Tst PLC
05 July 2006


Scottish Mortgage Investment Trust PLC                                                                      4 July 2006

                                                                    Net Asset Value with borrowings at par      567.80p

                                                             Net Asset Value with borrowings at fair value      543.46p


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