Net Asset Value(s) - Replace

Baillie Gifford Japan Trust PLC
02 August 2005                                 


The issuer advises that the following replaces the Net Asset Value released 
2 August at 12.05pm under RNS number 6130P


Scottish Mortgage Investment Trust daily Net Asset Value was released as Japan 
Trust in error.


The full corrected version is shown below:


Net Asset Value with Loans at Par for The Baillie Gifford Japan Trust PLC as 
at 1 August 2005

189.70p


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