Holding(s) in Company

Atlantis Japan Growth Fund Ld
11 March 2004


                              COMPANY ANNOUNCEMENT

For immediate release
                                                                 11th March 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:        59,500

Resultant Holding:            692,506

Percentage of Share Capital:  3.38%

Enquiries:

Tamsin Hooton

Management International (Guernsey) Limited

+ 44 (0) 1481 707088


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