Holding(s) in Company

Baillie Gifford Japan Trust PLC
28 September 2006

                      The Baillie Gifford Japan Trust PLC

                               Holding in Company

The Baillie Gifford Japan Trust PLC has been advised by Barclays PLC that they
have a material interest in 2,453,914 ordinary shares in the Company.

This represents 3.96% of the ordinary shares in issue.



                                                           Baillie Gifford & Co.

                                                             Company Secretaries

                                                               28 September 2006


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