Baillie Gifford Shin Nippon PLC

23 March 2017

Legal Entity Identifier : X5XCIPCJQCSUF8H1FU83

Net Asset Value with borrowings at par - including current year income

606.56p

Net Asset Value with borrowings at fair value - including current year income

604.93p

Net Asset Value with borrowings at par - excluding current year income

607.30p

Net Asset Value with borrowings at fair value - excluding current year income

605.68p

Net Asset Values are calculated in accordance with published accounting policies and AIC guidelines