Net Asset Value(s)

Baillie Gifford Japan Trust PLC
23 March 2007


The Baillie Gifford Japan Trust PLC                                                                       22 March 2007

                                                                  Net Asset Value with borrowings at par        236.49p

                                                           Net Asset Value with borrowings at fair value        236.80p


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