Purchase of Own Securities

Baillie Gifford Shin Nippon PLC
24 January 2002

                        Baillie Gifford Shin Nippon PLC

                           Purchase of Own Securities

On 23 January 2002, the Company purchased for cancellation 350,000 ordinary
shares at a price of 101.00p, bringing the total number of shares bought back to
905,000.

There remain 30,900,492 ordinary shares in issue.

                                                           Baillie Gifford & Co.

                                                             Company Secretaries

                                                                 24 January 2002



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