Net Asset Value(s)

Baillie Gifford Japan Trust PLC
23 August 2005


 Net Asset Value with Loans at Par for The Baillie Gifford Japan Trust PLC as at 22 August
                                                                                      2005

                                                                                   200.14p
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