The Baillie Gifford Japan Trust PLC

27 October 2017

Legal Entity Identifier : 54930037AGTKN765Y741

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

736.36p

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

733.36p

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

733.23p

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

730.23p

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