Net Asset Value(s)

Baillie Gifford Japan Trust PLC
19 March 2008


The Baillie Gifford Japan Trust PLC                                                                       18 March 2008

                                                             Net Asset Value with borrowings at par             167.20p

                                                      Net Asset Value with borrowings at fair value             166.67p


All Net Asset Values are calculated using closing bid market prices


                      This information is provided by RNS
            The company news service from the London Stock Exchange