Listing Rule 15.5.1(4)

Baillie Gifford Shin Nippon PLC
01 February 2008

                       SHIN NIPPON  INVESTMENT TRUST PLC

                                ('The Company')

                             LISTING RULE 15.5.1(4)



In accordance with Listing Rule 15.5.1(4), the Directors of the Company confirm
that they are satisfied that all inside information which the Directors and the
Company have leading up to the announcement of the results for the year ended 31
January 2008 has been notified to a Regulated Information Service.



                                                            Baillie Gifford & Co

                                                             Company Secretaries

                                                                 1 February 2008


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