Holding(s) in Company

Atlantis Japan Growth Fund Ld
26 November 2004

                              COMPANY ANNOUNCEMENT

For immediate release
                                                              26th November 2004


                       Atlantis Japan Growth Fund Limited

                 Re: Section 198 Companies Act 1985 as amended

The Board of Directors of Atlantis Japan Growth Fund Limited announce that
pursuant to Section 198 Companies Act 1985:

Interested Person:            Asset Value Investors Limited

Number of Shares Sold:        45,000 Ordinary Shares

Beneficial Owner:             Not Known

Resultant Holding:            596,736 Ordinary Shares

Percentage of Share Capital:  2.92%

Funds managed by Asset Value Investors Limited no longer hold a notifiable
interest in the Company.

Enquiries:

Tamsin Hooton

Management International (Guernsey) Limited

+ 44 (0) 1481 707088


                      This information is provided by RNS
            The company news service from the London Stock Exchange   D

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