Net Asset Value(s)

Baillie Gifford Japan Trust PLC
19 October 2006


The Baillie Gifford Japan Trust PLC                                                                     18 October 2006

                                                                Net Asset Value with borrowings at par          237.98p

                                                         Net Asset Value with borrowings at fair value          238.23p


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