Holding(s) in Company

Atlantis Japan Growth Fund Ld
04 April 2003





                              COMPANY ANNOUNCEMENT



For immediate release

                                                                  4th April 2003

                       Atlantis Japan Growth Fund Limited

                       Re: Section 198 Companies Act 1985

The Board of Directors of Atlantis Japan Growth Fund Limited announce that
pursuant to Section 198 Companies Act 1985:

Interested Person:               Mellon Nominees UK Ltd NIFF 3000032

Number of Shares:               744,851

Percentage of Share Capital:       3.64%

Enquiries:

Tamsin Hooton

Management International (Guernsey) Limited

+ 44 (0) 1481 707000


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