The Baillie Gifford Japan Trust PLC

2 October 2017

Legal Entity Identifier : 54930037AGTKN765Y741

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

688.81p

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

685.77p

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

685.98p

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

682.94p

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