Holding(s) in Company

Baillie Gifford Japan Trust PLC
06 May 2008



TR-1: Notifications of Major Interests in Shares



1. Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached:

Baillie Gifford Japan Trust PLC



2. Reason for the notification



An acquisition or disposal of voting rights: Yes



An acquisition or disposal of financial instruments which may result in the
acquisition of shares already issued to which voting rights are attached:



An event changing the breakdown of voting rights:



Other (please specify) :





3. Full name of person(s) subject to notification obligation:

1607 Capital Partners, LLC



4. Full name of shareholder(s) (if different from 3) :
Bank of New York                                    576,096
BNY Mellon                                          1,307,375
Citibank                                            153,175
Northern Trust                                      454,251
State Street                                        494,628
JP Morgan                                           172,200



5. Date of transaction (and date on which the threshold is crossed or reached if
different):

1 May 2008



6. Date on which issuer notified:

6 May 2008



7. Threshold(s) that is/are crossed or reached:

5%




8. Notified Details:



A: Voting rights attached to shares


Class/type of shares if possible  Situation previous to the triggering transaction
use ISIN CODE
                                  Number of shares                   Number of voting rights










                              Resulting situation after the triggering transaction
Class/type of shares if       Number of shares          Number of voting rights               % of voting rights
possible use ISIN CODE
                              Direct                    Direct         Indirect               Direct       Indirect



GB0000485838                                                           3,157,725                           5.10%





B: Financial Instruments

Resulting situation after the triggering transaction


Type of         Expiration date      Exercise/conversion       No. of voting rights that   % of voting rights
financial                            period/date               may be acquired (if the
instrument                                                     instrument exercised/
                                                               converted)





Total (A+B)
Number of voting rights        % of voting rights


3,157,725                      5.10%



9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable :






Proxy Voting:



10. Name of proxy holder:

N/A



11. Number of voting rights proxy holder will cease to hold:

N/A



12. Date on which proxy holder will cease to hold voting rights:

N/A



13. Additional information:





14. Contact name:

Lynn Mathewson



15. Contact telephone number:

0131 275 3185




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