Net Asset Value(s)

Baillie Gifford Japan Trust PLC
04 July 2007


The Baillie Gifford Japan Trust PLC                                                                         3 July 2007

                                                                Net Asset Value with borrowings at par          235.76p

                                                         Net Asset Value with borrowings at fair value          236.17p


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