Requisition of General Meeting

18 March 2016

ATLANTIS JAPAN GROWTH FUND LIMITED

REQUISITION OF GENERAL MEETING AND TEMPORARY SUSPENSION OF REDEMPTION FACILITY

The Board of Atlantis Japan Growth Fund Limited (the "Company") announces that, on 17 March 2016, the Company received from LIM Asia Multi-Strategy Fund Inc. (the "Requisitionist"), a registered holder of more than 10% of the issued share capital of the Company, a requisition to convene a general meeting of the Company (the "Requisitioned Meeting"). 

The purpose of the Requisitioned Meeting is to consider a special resolution instructing the Board to put to shareholders proposals for the restructuring and/or liquidation of the Company (which may include a roll-over or continuation option into an open-ended fund managed by the Company's investment manager) and, as part of restructuring and/or liquidation, to offer shareholders the opportunity to realise all of their investment in the Company (without penalty or the payment of redemption fees) as soon as possible at a price payable in cash that is as near as possible to the prevailing net asset value per share.

The Companies (Guernsey) Law, 2008 requires that the notice convening the Requisitioned Meeting be sent within 21 days of its receipt by the Company and for the Requisitioned Meeting to be held not later than 4 May 2016.  A notice convening the Requisitioned Meeting will be sent to shareholders in due course.  Shareholders are advised to take no action in the meantime.  

In light of the above and the imminent next redemption point on 31 March 2016 under the Company's semi-annual redemption facility, the Board considers that it would be inappropriate to proceed to offer the redemption facility on this occasion and, therefore, it has suspended the redemption facility.  Accordingly, shareholders should note that no requests for redemption at the 31 March 2016 redemption point will be accepted.

Further announcements will be made in due course.

Enquiries

Rebecca Booth
Northern Trust International Fund Administration Services (Guernsey) Limited
Tel: [phone]
Email:[e-mail]

Sue Inglis         
Cantor Fitzgerald Europe
Tel: [phone]

James Alexander
Aravis Partners
Tel: [phone]