The Baillie Gifford Japan Trust PLC

10 October 2017

Legal Entity Identifier : 54930037AGTKN765Y741

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

702.01p

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

698.96p

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

699.23p

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

696.19p

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