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 30 September 2016 Redemption Pool          
                                    21 October 2016                                

    The Board of Atlantis Japan Growth Fund Limited announces that it has approved
    full payments ("full distributions") as follows:

    The equivalent to 165.64 pence per share (US 203.74 cents), in respect of those
    ordinary shares which were validly accepted for Basic Entitlement redemption at
    the Redemption Point, 30 September 2016.

    The equivalent to 156.95 pence per share (US 193.05 cents), in respect of those
    ordinary shares which were validly accepted for Excess Entitlement redemption
    at the Redemption Point, 30 September 2016.

    The Company expects to payments to be made on 27 October 2016.


    Enquiries
    Cara De La Mare
    Northern Trust International Fund Administration Services (Guernsey) Limited
    Email:   cd109@ntrs.com