The Baillie Gifford Japan Trust PLC

19 October 2017

Legal Entity Identifier : 54930037AGTKN765Y741

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

715.21p

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

712.18p

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

712.47p

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

709.45p

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