Net Asset Value(s)

Scottish Mortgage Inv Tst PLC
25 July 2006


Scottish Mortgage Investment Trust PLC                                                                     24 July 2006

                                                                   Net Asset Value with borrowings at par       541.81p

                                                            Net Asset Value with borrowings at fair value       516.52p


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