Net Asset Value(s)

Baillie Gifford Japan Trust PLC
15 May 2006


The Baillie Gifford Japan Trust PLC                                                                         12 May 2006

                                                                         Net Asset Value with Loans at Par      280.19p


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