Net Asset Value(s)

Baillie Gifford Japan Trust PLC
17 May 2006


                                   The Baillie Gifford Japan Trust PLC                                      16 May 2006

                                                                        Net Asset Value with Loans at Par       270.48p


    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