Net Asset Value(s)

Scottish Mortgage Inv Tst PLC
28 July 2006


Scottish Mortgage Investment Trust PLC                                                                     27 July 2006

                                                                   Net Asset Value with borrowings at par       549.76p

                                                            Net Asset Value with borrowings at fair value       524.83p


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