RNS Number : 9397Z
  Prospect Japan Fund Ld
  25 July 2008
   

    Form TR-1 with annex. FSA Version 2.1 updated April 2007

 For filings with the FSA include the annex
 For filings with issuer exclude the annex 

 TR-1: Notifications of Major Interests in Shares


 1. Identity of the issuer or the underlying issuer        Prospect Japan Fund Limited
 of existing shares to which voting rights are
 attached:

 2. Reason for notification (yes/no)
                                                                                  Yes
 An acquisition or disposal of voting rights
                                                                                   No
 An acquisition or disposal of financial instruments which may result in
 the acquisition of shares already issued to which voting rights are
 attached 
                                                                                   No
 An event changing the breakdown of voting rights
                                                                                   No
 Other (please specify):______________

 3. Full name of person(s)                     Societe Generale Option Europe
 subject to notification
 obligation:

 4. Full name of shareholder(s)
 (if different from 3):

 5. Date of transaction (and                            22 July 2008
 date on which the threshold is
 crossed or reached if
 different):

 6. Date on which issuer                                24 July 2008
 notified:

 7. Threshold(s) that is/are                                 6%
 crossed or reached:




 8: Notified Details
 A: Voting rights attached to shares

 Class/type of shares  Situation previous to the triggering        Resulting situation after the triggering transaction
 If possible use ISIN  transaction
 code








 ORD Shares


 GB00B11QL44  
                       Number of shares      Number of voting      Number of shares  Number of voting       Percentage of voting
                                             rights                                  rights                 rights






                                             11,015,340   
                       11,015,340                                  6,015,340

                                                                                     Direct  Indirect       Direct        Indirect




                                                                                     6,015,  0              5.98%         0
                                                                                     340

 B: Financial Instruments

 Resulting situation after the triggering transaction

 Type of financial instrument  Expiration date  Exercise/ conversion  No. of voting rights  Percentage of voting
                                                period/date           that may be acquired  rights
                                                                      (if the instrument
                                                                      exercised/converted)




 Total (A+B)

 Number of voting rights  Percentage of voting rights

 6,015,340                5.98%



 9. Chain of controlled undertakings through which the voting rights and /or
 the financial instruments are effectively held, if applicable:


 Proxy Voting:

 10. Name of proxy holder:                                         
                                                                   
 11. Number of voting rights proxy holder will cease to hold:      
                                                                   
 12. Date on which proxy holder will cease to hold voting rights:  
                                                                   

 13. Additional information:  
                              
 14 Contact name:             
                              
 15. Contact telephone name:  
                              


















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