Net Asset Value(s)

Baillie Gifford Japan Trust PLC
03 August 2006


The Baillie Gifford Japan Trust PLC                                                                       2 August 2006

                                                                  Net Asset Value with borrowings at par        240.44p

                                                           Net Asset Value with borrowings at fair value        241.11p


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