RNS Number:2635T
Baillie Gifford Shin Nippon PLC
15 December 2003


                     N.A.V for Baillie Gifford Shin Nippon PLC as at 12 December 2003

                                                                              131.26p

                                                                          No Dilution

                                                              No Dilution under FRS14




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