RNS Number:9940T
Baillie Gifford Shin Nippon PLC
08 January 2004


                       N.A.V for Baillie Gifford Shin Nippon PLC as at 7 January 2004

                                                                              138.74p

                                                                          No Dilution

                                                              No Dilution under FRS14












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

NAVUUUGAGUPCGUR