Net Asset Value(s)

Baillie Gifford Japan Trust PLC
10 October 2006


The Baillie Gifford Japan Trust PLC                                                                      9 October 2006

                                                                 Net Asset Value with borrowings at par         234.16p

                                                          Net Asset Value with borrowings at fair value         234.41p


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