The Baillie Gifford Japan Trust PLC

5 October 2017

Legal Entity Identifier : 54930037AGTKN765Y741

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

695.54p

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

692.48p

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

692.72p

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

689.67p

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