Net Asset Value(s)

Baillie Gifford Japan Trust PLC
19 August 2005


 Net Asset Value with Loans at Par for The Baillie Gifford Japan Trust PLC as at 18 August
                                                                                      2005

                                                                                   197.10p
Net Asset Value is calculated using closing mid market price from the London Stock
Exchange




                      This information is provided by RNS
            The company news service from the London Stock Exchange