Net Asset Value(s)

Baillie Gifford Japan Trust PLC
06 January 2006


 Net Asset Value with Loans at Par for The Baillie Gifford Japan Trust PLC as at January 5
                                                                                      2006

        Net Asset Value                                                            287.49p


Net Asset Value is calculated using closing bid market price from the London Stock
Exchange

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