Net Asset Value(s)

Baillie Gifford Japan Trust PLC
17 January 2006


Net Asset Value with Loans at Par for The Baillie Gifford Japan Trust PLC as at 16 January
                                                                                      2006

        Net Asset Value                                                            289.87p


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