Net Asset Value(s)

Baillie Gifford Japan Trust PLC
22 August 2007


The Baillie Gifford Japan Trust PLC                                                                      21 August 2007

                                                            Net Asset Value with borrowings at par              216.81p

                                                     Net Asset Value with borrowings at fair value              217.04p


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