Net Asset Value(s)

Baillie Gifford Japan Trust PLC
06 July 2006


The Baillie Gifford Japan Trust PLC                                                                         5 July 2006

                                                                    Net Asset Value with borrowings at par      254.68p

                                                             Net Asset Value with borrowings at fair value      255.49p


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