Net Asset Value(s)

Baillie Gifford Japan Trust PLC
10 July 2007


The Baillie Gifford Japan Trust PLC                                                                         9 July 2007

                                                                Net Asset Value with borrowings at par          237.19p

                                                         Net Asset Value with borrowings at fair value          237.60p


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