THE PROSPECT JAPAN FUND LIMITED
(a closed-ended investment company incorporated in Guernsey with registration number 28863)
| FUND NAME | NAV | SEDOL | NAV DATE |
| The Prospect Japan Fund Limited | $1.2157 | B011QL4 | 29th May 2015 |
Date: 29th May 2015
Note: The Fund's NAV above includes a holding in Prospect Co. of Yen 1,200 million convertible bonds (valued at par) and 2.596 million ordinary shares (valued at a price of Yen 73 per share) with Yen 1,800 million convertible bonds having been converted, following the initial conversion date of 5 January 2015, and 27.404 million ordinary shares arising sold. The convertible bonds can be convertible, at the option of the Fund, into shares of Prospect Co. at a price of Yen 60 per Prospect Co. share at any time prior to the redemption date of 25 May 2020.
Enquiries:
Northern Trust International Fund Administration Services (Guernsey) Limited
Harry Rouillard 44 (0)1481 745315
