Net Asset Value(s)

Baillie Gifford Japan Trust PLC
21 December 2005


        Net Asset Value with Loans at Par for The Baillie Gifford Japan Trust PLC as at 20
                                                                             December 2005

                                                                                   269.55p
Net Asset Value is calculated using closing mid market price from the London Stock
Exchange




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