Net Asset Value(s)

Baillie Gifford Japan Trust PLC
20 September 2006


The Baillie Gifford Japan Trust PLC                                                                   19 September 2006

                                                              Net Asset Value with borrowings at par            233.80p

                                                       Net Asset Value with borrowings at fair value            234.04p


All Net Asset Values are calculated using closing bid market price from the London Stock Exchange


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