Retiral of Director

Baillie Gifford Shin Nippon PLC
8 May 2001

                       Baillie Gifford Shin Nippon PLC

                            Retirement of Director

The Board of Directors announces the resignation of Mr Gavin Gemmell from the
Board with effect from 8 May 2001. The Board thanks Gavin for his past
services and wishes him well for the future.


                                                         Baillie Gifford & Co.

                                                           Company Secretaries