The Baillie Gifford Japan Trust PLC

6 October 2017

Legal Entity Identifier : 54930037AGTKN765Y741

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

699.43p

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

696.37p

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

696.65p

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

693.58p

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