The Baillie Gifford Japan Trust PLC

24 May 2017

Legal Entity Identifier : 54930037AGTKN765Y741

Net Asset Value with borrowings at par - including current year income

622.74p

Net Asset Value with borrowings at fair value - including current year income

618.81p

Net Asset Value with borrowings at par - excluding current year income

618.29p

Net Asset Value with borrowings at fair value - excluding current year income

614.36p

Net Asset Values are calculated in accordance with published accounting policies and AIC guidelines