Corporate Action

Baillie Gifford Japan Trust PLC
25 October 2000

SUB-DIVISION
SECURITY TITLE
*Ord Shs
MNEMONIC CODE           *BGFD
SEDOL CODE              *070-467
TERMS                   *Shareholders will receive 5 New Ordinary shares of 5p  
                        for every Ordinary share of 25p held.

PROVISIONAL EFFECTIVE DATE *27-11-00
RECORD DATE             *24-11-00
NOTES *