Holding(s) in Company

Baillie Gifford Shin Nippon PLC
16 October 2007





TR-1i: NOTIFICATION OF MAJOR INTERESTS IN SHARES



(1). Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached (ii):

...Baillie Gifford Shin Nippon PLC.....



2. Reason for the notification (please state Yes/No):



An acquisition or disposal of voting rights:

......Yes...........



An acquisition or disposal of financial instruments which may result in the
acquisition of shares already issued to which voting rights are attached:

.................



An event changing the breakdown of voting rights:

.................



Other  - N/A



3. Full name of person(s) subject to the notification obligation (iii):

...Cornelian Asset Managers Ltd...............



4. Full name of shareholder(s) (if different from 3.) (iv):

...BNY (OCS) Nominees Limited..............
...JP Morgan Chase Nominees................
...The Bank of New York (Nominees) Limited...



5. Date of the transaction and date on which the threshold is crossed or
reached (v):

...12 October 2007.....................



6. Date on which issuer notified:

...15 October 2007..............



7. Threshold(s) that is/are crossed or reached:

...5%..............



8. Notified details:

....................



A: Voting rights attached to shares



Situation previous to the Triggering transaction (vi)


Class/type of shares if possible  Number of shares                   Number of voting Rights (viii)
using the ISIN CODE

Baillie Gifford Shin Nippon PLC   1,528,937                          1,528,937



GB0000706274



Resulting situation after the triggering transaction (vii)


Class/type of shares if      Number of shares         Number of voting rights (ix)      % of voting rights
possible using the ISIN CODE
                             Direct                   Direct (x)   Indirect (xi)        Direct      Indirect


Baillie Gifford Shin Nippon  1,555,137                Nil          1,555,137            Nil         5.00%
PLC



GB0000706274



B: Financial Instruments

Resulting situation after the triggering transaction (xii)


Type of         Expiration Date       Exercise/Conversion       Number of voting rights     % of voting rights
financial       (xiii)                Period/ Date (xiv)        that may be acquired if the
instrument                                                      instrument is exercised/
                                                                converted.


n/a





Total (A+B)
Number of voting rights        % of voting rights


1,555,137                      5.00%



9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable (xv):



BNY (OCS) Nominees Limited: 1,167,427 shares representing 3.75% of the total
voting rights.  Cornelian Asset Managers Limited hold the above shares in
Nominee Account on behalf of the 114 beneficial owners.



Proxy Voting:



10. Name of the proxy holder:

...n/a..............



11. Number of voting rights proxy holder will cease to hold:

...n/a..............



12. Date on which proxy holder will cease to hold voting rights:

...n/a..............



13. Additional information:

...n/a..............



14. Contact name:

...Lynn Mathewson..............



15. Contact telephone number:

...0131 275 3185..............


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