Net Asset Value(s)

Baillie Gifford Japan Trust PLC
31 March 2008


The Baillie Gifford Japan Trust PLC                                                                       28 March 2008

                                                             Net Asset Value with borrowings at par             182.72p

                                                      Net Asset Value with borrowings at fair value             182.19p


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