The Baillie Gifford Japan Trust PLC

24 November 2017

Legal Entity Identifier : 54930037AGTKN765Y741

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

773.91p

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

769.67p

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

771.40p

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

767.16p

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