RNS Number:4218U
Baillie Gifford Shin Nippon PLC
20 January 2004


                      N.A.V for Baillie Gifford Shin Nippon PLC as at 19 January 2004

                                                                              145.45p

                                                                          No Dilution

                                                              No Dilution under FRS14












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            The company news service from the London Stock Exchange
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