Net Asset Value(s)

Baillie Gifford Japan Trust PLC
31 January 2007


The Baillie Gifford Japan Trust PLC                                                                     30 January 2007

                                                                Net Asset Value with borrowings at par          234.87p

                                                         Net Asset Value with borrowings at fair value          235.17p


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