Net Asset Value(s)

Baillie Gifford Japan Trust PLC
13 December 2006


The Baillie Gifford Japan Trust PLC                                                                    12 December 2006

                                                               Net Asset Value with borrowings at par           229.74p

                                                        Net Asset Value with borrowings at fair value           230.07p


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