Net Asset Value(s)

Atlantis Japan Growth Fund Ld
17 August 2005



Subject: Atlantis Japan Growth Fund

Herewith the latest prices for the above company:-

                                        Valuation Date 15 August, 2005

UNDILUTED Net Asset Value                            $449,589,621.42
UNDILUTED Shares in Issue                             20,435,627.000
UNDILUTED Price per Share                                     $22.00     

DILUTED Net Asset Value                              $449,589,621.42
DILUTED Shares in Issue                               20,435,627.000
DILUTED Price per Share                                       $22.00     


                      This information is provided by RNS
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