THE BAILLIE GIFFORD JAPAN TRUST PLC
New Management Fee Arrangement
The Board of The Baillie Gifford Japan Trust PLC (the "Company") announces that, with effect from 1 September 2016, the Company's annual management fee payable to its Investment Managers and Secretaries, Baillie Gifford & Co Limited, will be calculated at 0.95% on the first £50m of net assets, 0.65% on the next £200m of net assets and 0.55% on the remainder. Previously, the Company's annual management fee was calculated at 0.95% on the first £50m of net assets and 0.65% on the remainder. The fee will continue to be calculated and paid on a quarterly basis. As at 30 August 2016, the Company had net assets of approximately £422m.
Baillie Gifford & Co Limited
1 September 2016
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