Net Asset Value(s)

Baillie Gifford Japan Trust PLC
17 January 2007


The Baillie Gifford Japan Trust PLC                                                                     16 January 2007

                                                                Net Asset Value with borrowings at par          230.36p

                                                         Net Asset Value with borrowings at fair value          230.67p


All Net Asset Values are calculated using closing bid market price from the London Stock Exchange


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