Net Asset Value(s)

Baillie Gifford Japan Trust PLC
11 August 2006


The Baillie Gifford Japan Trust PLC                                                                      10 August 2006

                                                                 Net Asset Value with borrowings at par         235.94p

                                                          Net Asset Value with borrowings at fair value         236.60p


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