Net Asset Value(s)

Atlantis Japan Growth Fund Limited
(A closed-ended investment company incorporated in Guernsey with registration number 30709)

Fund Name	NAV per share (GBP)	SEDOL	NAV  DATE
Atlantis Japan   Growth Fund Limited	1.5806 (Undiluted)	B61ND55 (UK)	14 September 2016
Atlantis Japan   Growth Fund Limited	1.5568 (Diluted)	B61ND55 (UK)	14 September 2016

“The diluted NAV has been calculated by reference to the terms of the subscription rights exercisable on 3^rd October 2016, whereby shareholders have the right to subscribe for one new ordinary share for every five ordinary shares held on 3^rd October 2016 at 143.76p per new ordinary share, and assumes that the aggregate number of ordinary shares issued on any exercise equals 20% of the ordinary shares in issue (excluding treasury shares) as at the date of calculation of the NAV"

Date: 14 September 2016

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