This replaces the announcement released at 16:11 today. NAV figures have not changed but a paragraph intended to be published was missing, this is now included below.
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 | $1.2493 | B011QL4 | 03rd July 2015 |
Note: The Fund's NAV no longer includes the holding in Prospect Co. convertible bonds (valued at par) with the full Yen 3,000 million convertible bonds having been converted. The Fund currently holds 5.074 ordinary shares (valued at YEN 67) following the initial conversion date of 5 January 2015, and 44.926 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.
Date: 03rd July 2015
Enquiries:
Northern Trust International Fund Administration Services (Guernsey) Limited
Harry Rouillard 44 (0)1481 745315
