Director Shareholding

Baillie Gifford Shin Nippon PLC
8 October 2001


Schedule 11 - Notification of interests of Directors and Connected Persons.


 1. Name of Company:

    BAILLIE GIFFORD SHIN NIPPON PLC

 2. Name of Director:

    MR BARRY ROSE

 3. Please state whether notification indicates that it is in respect of
    holding of the director named in 2 above or holding of that person's
    spouse or children under the age of 18 or in respect of a non-beneficial
    interest:

    BENEFICIAL

 4. Name of registered holder(s) and, if more than one holder, the number of
    shares held by each of them (if notified):

    MR BARRY ROSE

 5. Please state whether notification relates to a person(s) connected with the
    director named in 2 above and identify the connected person(s):



 6. Please state the nature of the transaction. For PEP transactions please
    indicate whether general/single co PEP and if discretionary/non
    discretionary:



 7. Number of shares/amount of stock acquired.

    15,000

 8. Percentage of issued class:

    0.05%

 9. Number of shares/amount of stock disposed:



10. Percentage of issued class:



11. Class of security:

    ORDINARY 10P SHARES

12. Price per share:

    119.50p

13. Date of transaction:

    05 OCTOBER 2001

14. Date company informed:

    05 OCTOBER 2001

15. Total holding following this notification:

    51,882

16. Total percentage holding of issued class following this notification:

    0.17%

17. Date of grant:

18. Period during which or date on which exercisable:

19. Total amount paid (if any) for grant of the option:

20. Description of shares or debentures involved: class, number:

21. Contact: Paul Connolly, Baillie Gifford & Co, 0131 474 3210