Net Asset Value(s)

Baillie Gifford Japan Trust PLC
03 July 2006


                                  The Baillie Gifford Japan Trust PLC                                      30 June 2006

                                                                  Net Asset Value with borrowings at par        254.11p

                                                           Net Asset Value with borrowings at fair value        254.92p


   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