Result of EGM

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO
OR FROM AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR THE UNITED STATES OR ANY
OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH
JURISDICTION.

22 October 2014

Atlantis Japan Growth Fund Limited

Result of EGM

The Board of Atlantis Japan Growth Fund Limited is pleased to announce that the
special resolution proposed at the Company's Extraordinary General Meeting held
today was duly passed.

Proxy votes were received from Shareholders in advance of the EGM as follows:
20,654,587 shares (c. 89.2% of votes cast) were voted in favour of the
resolution and 2,490,541 shares (c. 10.8% of votes cast) voted against, 12,340
shares were withheld.

As a result of the resolution being passed at the EGM, the Company has
introduced an annual Subscription Right to enable Shareholders to subscribe for
one new Ordinary Share for every five Ordinary Shares held on 1 October in each
year at a price equal to the undiluted Net Asset Value per Share on 2 October
one year prior, as described in the circular to Shareholders dated 1 October
2014.

Commenting on the result of the EGM, the Company's chairman Noel Lamb noted:

"I am delighted to see such an overwhelming vote of confidence in both Atlantis
Japan Growth Fund's investment managers, as well as our long-term strategy to
grow the fund and increase its liquidity. This strategy presents us with a
tremendous opportunity to increase gradually Atlantis Japan Growth Fund's size
and to make the fund more attractive to new shareholders. Existing and future
Shareholders will now benefit from the embedded subscription right."

Terms defined in the Circular have the same meanings in this announcement, save
where the context otherwise requires.

For further information, please contact:

CHAIRMAN:
Noel Lamb
Atlantis Japan Growth Fund Limited

T: 020 7845 5950

FINANCIAL ADVISER:
William Marle
John Armstrong-Denby
Edmond de Rothschild Securities (UK) Limited

T: 020 7845 5950

COMPANY SECRETARY
Andrew Maiden,
Northern Trust International Fund Administration Services (Guernsey) Limited

T: 01481 745 368

Disclaimer

This announcement is not intended to constitute, and should not be construed
as, investment advice. This announcement relating to the Company does not
constitute or form part of, and should not be construed as an offer or
invitation to sell or issue or any solicitation of any offer to subscribe for
any securities in the Company in any jurisdiction nor shall it, or any part of
it, or the fact of its distribution, form the basis of, or be relied on in
connection with or act as any inducement to enter into, any contract therefor.
Neither this announcement, nor any part of it nor anything contained or
referred to in it, nor the fact of its distribution, should form the basis of,
or be relied on in any connection with, or act as an inducement in relation to
a decision to purchase or subscribe for or enter into any contract or make any
other commitment whatsoever in relation to any such securities. This
announcement does not constitute a recommendation regarding the securities of
the Company.

Edmond de Rothschild Securities (UK) Limited, which is authorised and regulated
in the United Kingdom by the Financial Conduct Authority in the conduct of
investment business, is acting exclusively for the Company and for no one else
in connection with the Proposals and will not be responsible to anyone other
than the Company for providing the protections afforded to clients of Edmond de
Rothschild Securities (UK) Limited or for providing advice in relation to the
Proposals or any matter referred to in this document.

The Ordinary Shares have not been, nor will they be, registered under the US
Securities Act of 1933, as amended or with any securities regulatory authority
of any state or other jurisdiction of the United States or under the applicable
securities laws of Canada, Australia, the Republic of South Africa or Japan or
any other jurisdiction that is a member state of the European Economic Area
(other than the United Kingdom). Subject to certain exceptions, the Ordinary
Shares may not be offered or sold in the United States, Canada, Australia, the
Republic of South Africa, Japan, or any other jurisdiction that is a member
state of the European Economic Area (other than the United Kingdom) or to or
for the account or benefit of any national, resident or citizen of any member
state of the European Economic Area (other than the United Kingdom), Canada,
Australia, the Republic of South Africa, Japan or any person located in the
United States. The distribution of this announcement in other jurisdictions may
be restricted by law and the persons into whose possession this announcement
comes should inform themselves about, and observe, any such restrictions.