Net Asset Value(s)

Baillie Gifford Japan Trust PLC
19 October 2007


The Baillie Gifford Japan Trust PLC                                                                     18 October 2007

                                                           Net Asset Value with borrowings at par               220.84p

                                                    Net Asset Value with borrowings at fair value               220.84p


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