Net Asset Value(s)

Baillie Gifford Japan Trust PLC
23 June 2006


The Baillie Gifford Japan Trust PLC                                                                        22 June 2006

                                                                   Net Asset Value with borrowings at par       246.93p

                                                            Net Asset Value with borrowings at fair value       247.66p


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