Net Asset Value(s)

Baillie Gifford Japan Trust PLC
16 February 2006


        Net Asset Value with Loans at Par for The Baillie Gifford Japan Trust PLC as at 15
                                                                             February 2006

        Net Asset Value                                                            266.58p


Net Asset Value is calculated using closing bid market price from the London Stock
Exchange

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                      This information is provided by RNS
            The company news service from the London Stock Exchange