Net Asset Value(s)

Baillie Gifford Japan Trust PLC
25 January 2007


The Baillie Gifford Japan Trust PLC                                                                     24 January 2007

                                                                Net Asset Value with borrowings at par          237.23p

                                                         Net Asset Value with borrowings at fair value          237.54p


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