The Baillie Gifford Japan Trust PLC

12 October 2017

Legal Entity Identifier : 54930037AGTKN765Y741

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

710.02p

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

706.97p

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

707.27p

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

704.22p

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