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 April 2015                                  

The Directors of the Company announce that they have approved the operation of
the redemption opportunity as at 31 March 2015, as described in the Circulars
dated 30 November 2010 and 22 February 2013 and subsequent announcement dated
17 December 2014

Based on the current number of ordinary shares in issue (41,109,329),
redemption requests were scaled back so that only 5.00% (2,055,466 shares) of
the Company's shares were initially accepted for redemption. The Company notes
that a total of 4,758,772 ordinary shares were validly lodged for
redemption,representing approx. 11.58% of the Company's shares in issue.The
Company further notes that as part of the operation of the redemption facility,
a matched trade mechanism was utilized to match any or all of the 5.00% scaled
back redemptions received, at the relevant investment prices (basic and
excess), with the following number of shares matched:

  * Excess (investment price): 1,402,046 Shares (£1.3622 Investment Price)
   
  * Basic (investment price): 0 Shares / (£1.4339 Investment Price)
   
Accordingly, 653,420 shares (1.5895%) of the Company's net assets have been
transferred to the Redemption Pool with effect from 5.00pm on 31 March 2015.

Following this redemption, there are now 40,455,909 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 also2,701,686shares 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]