Net Asset Value(s)

Baillie Gifford Japan Trust PLC
20 February 2008


The Baillie Gifford Japan Trust PLC                                                                    19 February 2008

                                                          Net Asset Value with borrowings at par                186.01p

                                                   Net Asset Value with borrowings at fair value                185.57p


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