RNS Number : 2698I
  Prospect Japan Fund Ld
  17 November 2008
   

    
TR-1:   notification of major interests in shares 

 1. Identity of the issuer or the              Prospect Japan Fund Limited   
 underlying issuer of existing shares
 to which voting rights are attached:
 2. Reason for the notification     (please tick the
 appropriate box or boxes)
 An acquisition or disposal of voting rights                            x
 An acquisition or disposal of financial instruments which
 may result in the acquisition of shares already issued to
 which voting rights are attached
 An event changing the breakdown of voting rights
 Other (please
 specify):___________________________________________
 3. Full name of person(s) subject to        Societe Generale Option Europe   
 the notification obligation:
 4. Full name of shareholder(s) (if                            
 different from 3.):
 5. Date of the transaction (and date               13 November 2008   
 on which the threshold is crossed or
 reached if different):
 6. Date on which issuer notified:                  14 November 2008   
 7. Threshold(s) that is/are crossed or                 Below 3%   
 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 using the ISIN     transaction 
 CODE
                                 Number of Shares      Number of Voting      Number of shares   Number of voting rights   % of voting
                                                       Rights viii                              ix                        rights
                                                                             Direct             Direct  x    Indirect xi  Direct  Indirect
 ORD Shares                         
 GB00B11QL44                     4,015,340                        4,015,340            2,215,340  2,215,340            0    2.2%  0

 B: Financial Instruments
 Resulting situation after the triggering transaction xii
 Type of financial instrument   Expiration date xiii  Exercise/ Conversion  Number of voting      % of voting rights
                                                      Period/ Date xiv      rights that may be
                                                                            acquired if the
                                                                            instrument is
                                                                            exercised/
                                                                            converted. 
                                                                                                     

 Total (A+B)
 Number of voting rights  % of voting rights
    
 2,215,340                2.2%






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


 Proxy Voting:
 10. Name of the 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 number:     
    Annex Notification Of Major Interests In Shares xvi
 A: Identity of the person or legal entity subject to the notification
 obligation
 Full name (including legal form for legal       SG Option Europe
 entities)
 Contact address (registered office for legal    17 Cours Valmy
 entities)                                       92800 Puteaux
                                                 France
 Phone number                                       
 Other useful information (at least legal        SG Option Europe is a
 representative for legal persons)               subsidary of SOCIETE
                                                 GENERALE SA
    
 
 B:     Identity of the notifier, if applicable xvii
 Full name                                                       Patrick Overmeer
 Contact address                                              SG House 
                                                              41 Tower Hill
                                                              London
                                                              EC3N 4SG
 Phone number                                                 0207 676 6885
 Other useful information (e.g. functional relationship with     Compliance
 the person or legal entity subject to the notification       Control Room
 obligation)
    
 
 C:    Additional information


    Notes 
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