Net Asset Value(s)

Atlantis Japan Growth Fund Ld
11 August 2005

Subject: Atlantis Japan Growth Fund

Herewith the latest prices for the above company:-

                                        Valuation Date 8 August, 2005

UNDILUTED Net Asset Value                            $423,259,663.43
UNDILUTED Shares in Issue                             20,435,627.000
UNDILUTED Price per Share                                     $20.71     

DILUTED Net Asset Value                              $423,259,663.43
DILUTED Shares in Issue                               20,435,627.000
DILUTED Price per Share                                       $20.71     






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