Holding(s) in Company

Baillie Gifford Japan Trust PLC
05 January 2007

                      The Baillie Gifford Japan Trust PLC

                               Holding in Company

The Baillie Gifford Japan Trust PLC has been advised by Barclays PLC that they
have a material interest in 2,401,692 ordinary shares in the Company.

This represents 3.88% of the ordinary shares in issue.



                                                            Baillie Gifford & Co

                                                             Company Secretaries

                                                                  5 January 2007


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