Net Asset Value(s)

The Baillie Gifford Japan Trust PLC (BGFD)

19 September 2022

Legal Entity Identifier : 54930037AGTKN765Y741

Cum Par NAV

819.39p

Cum Fair NAV

818.66p

Ex Par NAV

807.98p

Ex Fair NAV

807.24p

The fair value of long term borrowings is calculated weekly, using methodologies consistent with the International Private Equity and Venture Capital Valuation (IPEV) Guidelines.

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

Cum Par NAV: Net asset value per share in pence, including income, with debt at par value.

Cum Fair NAV: Net asset value per share in pence, including income, with debt at fair value.

Ex Par NAV: Net asset value per share in pence, excluding income, with debt at par value.

Ex Fair NAV: Net asset value per share in pence, excluding income, with debt at fair value.