Results of EGM

3 May 2016

ATLANTIS JAPAN GROWTH FUND LIMITED

Result of Extraordinary General Meeting

The Board of Atlantis Japan Growth Fund Limited (the "Company") announces the results of the votes on the special resolution put forward by LIM Asia Multi-Strategy Fund Inc., which was considered on a poll at the extraordinary general meeting of the Company held earlier today. 

56.27% of the votes cast on the poll were against LIM's Resolution, which sought to instruct the Board to put to Shareholders proposals for the restructuring and/or liquidation of the Company.  Accordingly, LIM's Resolution was not passed.

The result of the poll was as follows:

Votes For  LIM's Resolution		Votes Against  LIM's Resolution		Total Votes Cast		Votes Withheld
No. of Shares	% of Votes Cast	No. of Shares	% of Votes Cast	No. of Shares	% of Voting Share Capital	No. of Shares
13,195,956	43.73	16,980,759	56.27	30,176,715	75.1	3,000

Noel Lamb, Chairman of Atlantis Japan Growth Fund, said: "The vote against the resolution comprised the majority of our largest Shareholders as well as a significant number of smaller Shareholders, including private individuals, who have clearly shown that they want to remain invested in the Company under the management of Taeko Setaishi.

"We would ask all Shareholders to respect the outcome of the meeting and allow us to continue to implement our strategy for improving the Company's performance, further narrowing the Share price discount and growing the Company over the next three years.

"Taeko Setaishi, who was appointed lead fund manager with effect from 1 May 2016, is a great asset to the Company and we look forward to her conviction-led, bottom-up stock selection process delivering returns for all Shareholders.

"The Board is confident that our strategy for improving performance, narrowing the Share price discount and growing the Company will be successful.  Nevertheless, Shareholders will be given the opportunity to vote on whether or not the Company should continue at the AGM in 2019.  In the meantime, on behalf of the Board, I'd like to reaffirm our commitment to maintaining a regular dialogue with Shareholders and to acting in the best interests of Shareholders as a whole."

Enquiries

Sue Inglis	Cantor Fitzgerald Europe	T: [phone]
James Alexander	Aravis Partners	T: [phone]
David Masters / Henrietta Guthrie	Lansons	T: [phone] T: [phone]
Rebecca Booth	Northern Trust International Fund Administration Services (Guernsey) Limited	T: [phone] Email: [e-mail]

Notes

Words and expressions defined in the circular to the Company's shareholders dated 7 April 2016 have the same meanings when used in this announcement.