Continuation Vote Passed by 99.4% of Shareholders

Baillie Gifford Japan Trust PLC
22 November 1999
                              
                              
               Baillie Gifford Japan Trust PLC
                              
  Continuation vote passed by 99.4% of shareholders at AGM


Baillie Gifford Japan Trust PLC, whose NAV per ordinary
share rose by 127.9% in the year to 31 August 1999, aims to
pursue long term capital growth through investment in medium
and smaller Japanese companies.

The Company is managed by Baillie Gifford & Co., the leading
Edinburgh based fund management group with over £19 billion
funds under management and advice.

Annual General Meeting, 19 November 1999

*    Shareholders voted to approve the continuance of the
  Company until the AGM of the Company held in respect of the
  year ending 31 August 2000 by 5,847,321 votes to 34,550.

*    Shareholders also approved the Company to buy back up
  to 14.99% of the Company's ordinary shares by a majority of
  99.4%.

Malcolm Murray, Chairman, Baillie Gifford Japan Trust PLC,
says,

'Shareholders have recognised the excellent long term
performance of Japan Trust by voting overwhelmingly for the
continuation of the Company.  The Company has also received
approval to buy back up to 14.99% of its own shares.  The
directors remain committed to buying in shares when
considered appropriate to enhance NAV for continuing
shareholders.'


For further information please contact:

Sarah Whitley, Manager,
Baillie Gifford Japan Trust PLC        0131 222 4000

Mike Lord, Director,
Broadgate Marketing,                   0171 726 6111

Baillie Gifford & Co. is regulated by IMRO.