Holding(s) in Company

Baillie Gifford Shin Nippon PLC
03 April 2008



TR-1: Notifications of Major Interests in Shares



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

Baillie Gifford Shin Nippon PLC


2. Reason for the notification
(please place an X inside the appropriate bracket/s):


An acquisition or disposal of voting rights: ( X )


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 (please specify) : (   )

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



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

Cornelian Asset Managers Limited



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

BNY (OCS) Nominees Limited

JP Morgan Chase Nominees Limited

The Bank of New York (Nominees) Limited



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

27 March 2008



6. Date on which issuer notified:

3 April 2008



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

5%




8. Notified Details:



A: Voting rights attached to shares


Class/type of shares if possible              Situation previous to the triggering transaction
use ISIN CODE
                                  Number of shares                   Number of voting rights

Ordinary shares                   1,535,787                          1,535,787

GB0000706274




                                                 Resulting situation after the triggering transaction
Class/type of shares if       Number of shares          Number of voting rights               % of voting rights
possible use ISIN CODE
                                                        Direct         Indirect               Direct       Indirect

Ordinary shares               1,575,787                 Nil            1,575,787              Nil          5.07%

GB0000706274



B: Financial Instruments

Resulting situation after the triggering transaction


Type of         Expiration date      Exercise/conversion       No. of voting rights that   % of voting rights
financial                            period/date               may be acquired (if the
instrument                                                     instrument exercised/
                                                               converted)

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

1,575,787                      5.07%



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

BNY (OCS) Nominees Limited: 1,169,077 shares representing 3.76% of the total
voting rights.  Cornelian Asset Managers Limited holds the above shares in a
Nominee account on behalf of the 107 beneficial owners



Proxy Voting:



10. Name of 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:

Erin Longmuir



15. Contact telephone number:

0131 275 3199



For notes on how to complete form TR-1 please see the FSA website.








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