Net Asset Value(s)

Baillie Gifford Japan Trust PLC
01 March 2006


        Net Asset Value with Loans at Par for The Baillie Gifford Japan Trust PLC as at 28
                                                                             February 2006

        Net Asset Value                                                            276.83p


Net Asset Value is calculated using closing bid market price from the London Stock
Exchange

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