Net Asset Value(s)

Baillie Gifford Japan Trust PLC
02 January 2008


The Baillie Gifford Japan Trust PLC                                                                    31 December 2007

                                                          Net Asset Value with borrowings at par                204.23p

                                                   Net Asset Value with borrowings at fair value                203.94p


All Net Asset Values are calculated using closing bid market prices


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