Net Asset Value(s)

Baillie Gifford Japan Trust PLC
23 October 2006


The Baillie Gifford Japan Trust PLC                                                                     20 October 2006

                                                                Net Asset Value with borrowings at par          238.20p

                                                         Net Asset Value with borrowings at fair value          238.45p


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