Net Asset Value(s)

Baillie Gifford Japan Trust PLC
07 July 2006


The Baillie Gifford Japan Trust PLC                                                                         6 July 2006

                                                                    Net Asset Value with borrowings at par      252.52p

                                                             Net Asset Value with borrowings at fair value      253.33p


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