The Baillie Gifford Japan Trust PLC

11 October 2017

Legal Entity Identifier : 54930037AGTKN765Y741

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

704.17p

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

701.13p

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

701.43p

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

698.38p

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