Purchase of Own Securities

Baillie Gifford Japan Trust PLC
29 January 2002

                      The Baillie Gifford Japan Trust PLC

                           Purchase of Own Securities

On 28 January 2002, the Company purchased for cancellation 100,000 ordinary
shares at a price of 100.00p, bringing the total number of ordinary shares
bought back to 275,000.

There remain 63,475,000 ordinary shares in issue.



                                                           Baillie Gifford & Co.

                                                             Company Secretaries

                                                                 29 January 2002

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