RNS Number:5788U
Baillie Gifford Shin Nippon PLC
23 January 2004


                      N.A.V for Baillie Gifford Shin Nippon PLC as at 22 January 2004

                                                                              142.87p

                                                                          No Dilution

                                                              No Dilution under FRS14












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

NAVPUURCGUPCGPW