The Baillie Gifford Japan Trust PLC

3 August 2017

Legal Entity Identifier : 54930037AGTKN765Y741

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

665.56p

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

662.26p

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

662.18p

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

658.87p

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