31/03/2015 Redemption Facility Details

ATLANTIS JAPAN GROWTH FUND LIMITED (the "Company")               

 (An Authorised Closed-ended investment company incorporated in Guernsey with  
                          registration number 30709)                           

                   31 March 2015 Redemption Facility Details                    

                               19 February 2015                                

Further to the announcement released by the Company on 17 December 2014 in
respect of amendments to the Redemption Facility, the Company confirms that the
next Redemption Point will be 31 March 2015 and the details relating to this
Redemption Point are noted below:

Redemption Point:                       5.00pm on 31 March 2015                
                                                                               
Exit Charge                               * 4% on redemptions of up to 5% of   
                                            the Basic Entitlement              
                                                                               
                                          * Rolling 90 day average discount    
                                            calculated in accordance with the  
                                            Company's existing discount control
                                            mechanism, subject to an Exit      
                                            Charge cap of 10% on redemptions in
                                            excess of the 5% Basic Entitlement 
                                                                               
Limit on total redemptions:             5 per cent. of an individual           
                                        Shareholder's shareholding *           
                                                                               
First date for receipt of redemption    Wednesday 11 March 2015                
requests (20 days prior to Redemption                                          
Point):                                                                        
                                                                               
Last date for receipt of redemption     3.00pm on Friday 20 March 2015         
requests (10 days prior to Redemption                                          
Point)                                                                         

*Each shareholder shall be entitled to request the redemption of 5 per cent. of
their individual Shareholder's holding of Shares held at 31 March 2015 and held
continuously at all times since that date, rounded down to the nearest whole
number (the "Basic Entitlement"). Shareholders will be entitled to request the
redemption of Shares in excess of their Basic Entitlement, which will incur a
higher exit charge.

The 31 March 2015RedemptionPoint is only available to Shareholders that have
held their Shares continuously since 30 September 2014. Redemption proceeds are
expected to be paid out in one payment once all assets in the redemption pool
have been realised.

Copies of the redemption request form can be obtained from the Company's
website (www.atlantisjapangrowthfund.com). Copies of the Circulars dated 30
November 2012 and 22 February 2013 (the "Circulars") can also be found on the
Company's website.

Further details of the redemption facility process can be found in the
Circulars.

Enquiries

Andrew Maiden
Northern Trust International Fund Administration Services (Guernsey) Limited
Tel: [phone]