Net Asset Value(s)

Baillie Gifford Japan Trust PLC
15 October 2007


The Baillie Gifford Japan Trust PLC                                                                     12 October 2007

                                                           Net Asset Value with borrowings at par               223.36p

                                                    Net Asset Value with borrowings at fair value               223.36p


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