Distribution

ATLANTIS JAPAN GROWTH FUND LIMITED ("AJGF" or the "Company")

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

           Full Distribution from the 31 March 2015 Redemption Pool

                                21 April 2015

The Board of Atlantis Japan Growth Fund Limited announces that it has approved
the full payment ("full distribution") of equivalent to 143.91 pence per share
(US 210.71 cents), in respect of those ordinary shares which were validly
accepted for redemption at the Redemption Point, 31 March 2015.

This payment follows the sale of all the investments held in the Redemption
Pool and no further distribution payments will be made from this redemption
pool.

This full distribution is expected to be paid on or around 8 May 2015.

The amount to be applied to the full distribution comprises the
monies received from the realisation of all the Company's investments in the
Redemption Pool, less any funds used or required to settle any liabilities
(including the running costs of the Redemption Pool since 31 March 2015).

Enquiries

Andrew Maiden
Northern Trust International Fund Administration Services (Guernsey) Limited
Email: [e-mail]