The Baillie Gifford Japan Trust PLC

22 November 2017

Legal Entity Identifier : 54930037AGTKN765Y741

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

770.57p

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

767.60p

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

768.06p

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

765.10p

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