Investment Policy

Atlantis Japan Growth Fund Ld
11 December 2003


                              COMPANY ANNOUNCEMENT


For immediate release
                                                              11th December 2003


                       Atlantis Japan Growth Fund Limited

                             Re: Investment Policy


In light of amendments to the UKLA Listing Rules that came into force on 1
November 2003, the Company hereby announces for the purposes of new Listing Rule
21.9(1) that its investment policy is to invest no more than 15 per cent. of its
gross assets in other listed investment companies (including listed investment
trusts).


Enquiries:


Tamsin Hooton

Management International (Guernsey) Limited

+ 44 (0) 1481 707088


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