The Baillie Gifford Japan Trust PLC

10 November 2017

Legal Entity Identifier : 54930037AGTKN765Y741

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

755.68p

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

752.73p

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

753.15p

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

750.21p

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