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 | $1.3564 | B011QL4 | 8st January 2016 |
Note: The Fund's NAV above includes a holding in Prospect Co. of Yen 288 million stock acquisition rights ('SARs') (valued at par) and 295,000 number of ordinary shares (valued at a price of Yen 51 per share) with no SARs having been converted, following the initial conversion date of 21 December 2015 and no ordinary shares arising sold. The SARs can be exercised, at the option of the Fund, into shares of Prospect Co. at a price of Yen 54 per Prospect Co. share at any time prior to the expiration date of 20 December 2020.
Date: 8th January 2016
Enquiries:
Northern Trust International Fund Administration Services (Guernsey) Limited
Harry Rouillard 44 (0)1481 745315
