Holding(s) in Company

Scottish Mortgage Inv Tst PLC
03 August 2005


                     Scottish Mortgage Investment Trust PLC

                        Disclosure of Interest in Shares


Scottish Mortgage Investment Trust PLC has today been advised that Barclays PLC
has an interest in 14,081,614 ordinary shares in the Company, which equates to
4.80% of the 293,475,115 ordinary shares in issue.

                                                           Baillie Gifford & Co.
                                                          Managers & Secretaries
                                                                   3 August 2005


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