RNS Number:1203Z
Prospect Japan Fund Ld
01 March 2006


                          STOCK EXCHANGE ANNOUNCEMENT

For Immediate Release                                              1 March 2006

                        The Prospect Japan Fund Limited
                                ("the Company")

                         Re: Change in valuation policy

The Directors advise that with immediate effect the valuation of financial
assets held by the Company will be on a bid basis. The change in valuation
methodology has been introduced to bring the Company's valuation policy in line
with the recommendations of the Association of Investment Trust Companies.

Enquiries:

Northern Trust International Fund
Administration Services (Guernsey) Limited Douglas Mackay    +44 1481 745339




                      This information is provided by RNS
            The company news service from the London Stock Exchange

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