AGM Resolutions

Baillie Gifford Japan Trust PLC
26 November 2003


                      THE BAILLIE GIFFORD JAPAN TRUST PLC

                    Annual General Meeting, 26 November 2003


At the AGM held today, all resolutions were passed, including those detailed
below:
     
•    Shareholders voted to approve the continuance of the Company until the
     AGM to be held in respect of the year ending 31 August 2004 with 99.9% of 
     those voting supporting the resolution.

•    Shareholders authorised the Company to renew its share buy back authority.

Shareholders approved a special resolution renewing the Company's authority to
make market purchases of up to 14.99 per cent of the Company's issued share
capital, being 9,284,056 ordinary shares of 5p.

Such authority will expire at the conclusion of the AGM to be held in respect of
the year ending 31 August 2004 or 25 May 2005, whichever is earlier, unless
previously varied, revoked or renewed.

                                                           Baillie Gifford & Co.
                                                             Company Secretaries
                                                                26 November 2003


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