Net Asset Value(s)

Baillie Gifford Japan Trust PLC
21 October 2005


Net Asset Value with Loans at Par for The Baillie Gifford Japan Trust PLC as at 20 October
                                                                                      2005

                                                                                   216.60p
Net Asset Value is calculated using closing mid market price from the London Stock
Exchange




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