Net Asset Value(s)

Scottish Mortgage Inv Tst PLC
25 November 2005


                   Scottish Mortgage Investment Trust PLC       24 November 2005

                         Net Asset Value with Debentures at Par:         536.84p
               Net Asset Value with Debentures at Market Value*:         509.59p


*All Net Asset Values are calculated using closing mid market price from the
London Stock Exchange


                      This information is provided by RNS
            The company news service from the London Stock Exchange