Interests in Shares

Atlantis Japan Growth Fund Ld
01 May 2007

For immediate release



1 May 2007



                              COMPANY ANNOUNCEMENT





Atlantis Japan Growth Fund Limited





TR-1i : NOTIFICATION OF MAJOR INTERESTS IN SHARES



1.  Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attachedii:

      Atlantis Japan Growth Fund Ltd



2.  Reason for the notification



     An acquisition or disposal of voting rights
                            (X)



     An acquisition or disposal of financial instruments which may result

     in the acquisition of shares already issued to which voting rights are
attached     ( )



     An event changing the breakdown of voting rights
                    ( )



     Other (please specify):
                                       ( )



3.  Full name of person(s) subject to the notification obligationiii: Newton
Investment Management Limited



4.  Full name of shareholder(s) (if different from 3.)iv: Newton Investment
Management Limited



5.  Date of the transaction (and date on which the threshold is crossed or

     reached if different) v: 20/03/07



6.  Date on which issuer notified: 25/04/07



7.  Threshold(s) that is/are crossed or reached: Decrease from 14.41% to 13.99%



8.    Notified details: Take off of 84,700 shares





A.  Voting rights attached to shares



Class/type of shares: (if possible using the ISIN CODE):

Ordinary Shares ISIN GB0000632306



Situation previous to the Triggering transactionvi

Number of Shares: 2,943,765

Number of Voting Rightsviii: 14.41%



Resulting situation after the triggering transactionvii

Number of shares - Direct: N/A

Number of voting rightsix - Directx: N/A

Number of voting rightsix - Indirectxi: 2,859,065

% of Voting rights - Direct: N/A

% of Voting rights - Indirect: 13.99%



B.  Financial Instruments



Resulting situation after the triggering transactionxii

Type of financial instrument:

Expiration datexiii:

Exercise / Conversion Period / Datexiv:

Number of voting rights that may be acquired if the instrument is exercised /
converted:

% of voting rights:





Total (A + B)

Number of voting rights: 2,859,065

% of voting rights: 13.99%





9.  Chain of controlled undertakings through which the voting rights and / or
the financial instruments are effectively held, if applicablexv: Newton
Investment Management holds these shares as discretionary Investment Managers.



Proxy Voting:

10.  Name of the proxy holder:  N/A

11.  Number of voting rights proxy holder will cease to hold: N/A

12.  Date on which proxy holder will cease to hold voting rights: N/A

13.  Additional Information:

14.  Contact name: Clare Cox/ Barry Smalls

15.  Contact telephone number: [phone] / 2251





ANNEX NOTIFICATION OF MAJOR INTERESTS IN SHARES xvi



A: Identity of the person or legal entity subject to the notification obligation



Full name (including legal form for legal entities):  Newton Investment
Management Ltd



Contact address (registered office for legal entities):  Mellon Financial
Centre, 160 Queen Victoria Street, London, EC4V 4LA



Phone number: [phone]



Other useful information (at least legal representative for legal persons):
Rachel Wheeler





B:  Identity of the notifier, if applicable xvii



Full name :  Newton Investment Management Ltd





Contact address :  Mellon Financial Centre, 160 Queen Victoria Street, London,
EC4V 4LA





Phone number  :  [phone]





Other useful information (e.g. functional relationship with the person or legal
entity subject to the notification obligation):  Discretionary Investment
Manager





C:  Additional information:





End














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