Holding(s) in Company

Atlantis Japan Growth Fund Ld
23 February 2004



                              COMPANY ANNOUNCEMENT

For immediate release

                                                              23rd February 2004

                       Atlantis Japan Growth Fund Limited

                 Re: Section 198 Companies Act 1985 as amended


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

Interested Person:               British Empire Securities and General Trust
                                 p.l.c.

Registered Name:               JP Morgan CREST A/C BT01C

Number of Shares Sold:          18,018

Resultant Holding:             1,011,482

Percentage of Share Capital:     4.95%

Enquiries:

Tamsin Hooton

Management International (Guernsey) Limited

+ 44 (0) 1481 707088



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