Director/PDMR Shareholding

ATLANTIS JAPAN GROWTH FUND LIMITED
(“AJGF” or the “Company”)
(a closed-ended investment company incorporated in Guernsey with registration number 30709)

Director/PDMR Shareholding
10 October 2016

1.	Details of PDMR / person closely associated with them ('PCA')
a)	Name	Philip Ehrmann
b)	Position / status	Non-executive Director
c)	Initial notification / amendment	Initial notification
2.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument	Atlantis Japan Growth Fund common shares
b)	Nature of the transaction	Exercise of subscription rights
c)	Price(s) and volume(s)	Price(s) Volume(s) 143.76p 4,000
d)	Aggregated information Aggregated volume Price	4,000 shares at 143.76p
e)	Date of the transaction	2016 – 10 - 11
f)	Place of the transaction	Shares to be admitted to the main market of the London Stock Exchange

Enquiries
Company Secretary
Northern Trust International Fund Administration Services (Guernsey) Limited
Tel:       [phone]