Redemption Facility Results

ATLANTIS JAPAN GROWTH FUND LIMITED

                          ("AJGF" or the "Company")

       (a closed-ended investment company incorporated in Guernsey with
                          registration number 30709)

                        Redemption of Ordinary Shares

                                1 October 2014

The Directors of the Company announce that they have approved the operation of
the redemption opportunity as at 30 September 2014, as described in the
Circulars dated 30 November 2010 and 22 February 2013.

Based on the current number of ordinary shares in issue (43,715,083),
redemption requests have been scaled back so that only 5.00% (2,185,754
shares) of the Company's shares have been accepted for redemption. The Company
notes that a total of 13,540,892 ordinary shares were validly lodged for
redemption, representing approx. 30.98% of the Company's shares in issue.

5.00% of the Company's net assets have been transferred to the Redemption Pool
with effect from 5.00pm on 30 September 2014.

Following this redemption, there are now 41,529,329 ordinary shares in issue and
this figure should be used by shareholders as the denominator for the
calculations by which they will determine if they are required to notify their
interest in, or a change to their interest in, the Company under the FCA's
Disclosure and Transparency Rules. There are also 2,281,686 shares held in
treasury.

As soon as practicable after the realisation of the assets held in the
Redemption Pool, the Company will notify the relevant Shareholders of the
Redemption Price per Share and will dispatch the net redemption monies to
those Shareholders whose shares have been redeemed. Redemption proceeds are
expected to be paid out in one payment once all assets in the redemption pool
have been realised.

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

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]
Email: [e-mail]