Holding in Company

Baillie Gifford Shin Nippon PLC
4 August 2000


Schedule 10 - Notification of Major Interests in Shares

1   Name of company:
BAILLIE GIFFORD SHIN NIPPON PLC

2   Name of shareholder having a major interest:
SAND AIRE GENERATION FUND

3   Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a non-beneficial
interest or in the case of an individual holder if it is a holding of that
person's spouse or children under the age of 18:


4   Name of registered holder(s) and, if more than one holder, the number of
shares held by each of them:
CHASE NOMINEES LIMITED

5   Number of shares/amount of stock acquired:


6   Percentage of issued class:


7   Number of shares/amount of stock disposed:
380,000

8   Percentage of issued class:
1.19%

9   Class of security:
ORDINARY 10P SHARES

10  Date of transaction:
31 JULY & 1 AUGUST 2000

11  Date company informed:
2 AUGUST 2000

12  Total holding following this notification:
NO LONGER A 3% HOLDER

13  Total percentage holding of issued class following this notification:


14  Contact name for queries:
PAUL CONNOLLY

15 Contact telephone number:
0131 474 3210

16  Name of company official responsible for making notification:


17  Date of notification:


Additional Information: