Director/PDMR Shareholding

ATLANTIS JAPAN GROWTH FUND LIMITED

(“AJGF” or the “Company”)

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

LEI 54930041W0LDG0OPGL69

Director/PDMR Shareholding

03 October 2016

1.	Details of PDMR / person closely associated with them ('PCA')
a)	Name	Philip Ehrmann
b)	Position / status	Non-executive Director
c)	Initial notification / amendment	Initial notification
2.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument	Atlantis Japan Growth Fund Limited Ordinary shares
b)	Nature of the transaction	Exercise of subscription rights
c)	Price(s) and volume(s)	Price(s) Volume(s) 172.79P 4,800
d)	Aggregated information Aggregated volume Price	4,800 Ordinary Shares at 172.79p per share.
e)	Date of the transaction	02/10/2017
f)	Place of the transaction	Shares to be admitted to the main market of the London Stock Exchange.

Following this transaction, Mr Ehrmann now holds 28,800 Ordinary Shares in the Company.

Enquiries

Corporate Broker
Sue Inglis
Cantor Fitzgerald Europe
Tel: [phone]

Company Secretary
Tony Sharpe
Northern Trust International Fund Administration Services (Guernsey) Limited
Tel: [phone]