RNS Number:5401T
Baillie Gifford Shin Nippon PLC
22 December 2003


                     N.A.V for Baillie Gifford Shin Nippon PLC as at 19 December 2003

                                                                              130.79p

                                                                          No Dilution

                                                              No Dilution under FRS14




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

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