Net Asset Value(s)

Baillie Gifford Japan Trust PLC
22 February 2008


The Baillie Gifford Japan Trust PLC                                                                    21 February 2008

                                                          Net Asset Value with borrowings at par                184.48p

                                                   Net Asset Value with borrowings at fair value                184.04p


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