Net Asset Value(s)

Baillie Gifford Japan Trust PLC
01 February 2007


                                 The Baillie Gifford Japan Trust PLC                                    31 January 2007

                                                               Net Asset Value with borrowings at par           235.26p

                                                        Net Asset Value with borrowings at fair value           235.56p


  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