Net Asset Value(s)

Baillie Gifford Japan Trust PLC
21 January 2008


The Baillie Gifford Japan Trust PLC                                                                     18 January 2008

                                                           Net Asset Value with borrowings at par               192.08p

                                                    Net Asset Value with borrowings at fair value               191.78p


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