Net Asset Value(s)

Baillie Gifford Japan Trust PLC
28 June 2007


The Baillie Gifford Japan Trust PLC                                                                        27 June 2007

                                                              Net Asset Value with borrowings at par            229.64p

                                                       Net Asset Value with borrowings at fair value            230.03p


All Net Asset Values are calculated using closing bid market prices


                      This information is provided by RNS
            The company news service from the London Stock Exchange