The Baillie Gifford Japan Trust PLC

25 September 2017

Legal Entity Identifier : 54930037AGTKN765Y741

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

675.01p

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

671.81p

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

672.19p

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

669.00p

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