PJF Prospect Japan

For filings with the FCA include the annex

For filings with issuer exclude the annex



TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi




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

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 qualifying financial instruments which may
result in the acquisition of shares already issued to which voting rights are
attached

An acquisition or disposal of instruments with similar economic effect to
qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

                                                                  Weiss Asset Management
3. Full name of person(s) subject to the                                              LP
notification obligation:iii


                                                                 Brookdale International
4. Full name of shareholder(s)                                           Partners, L.P.,
 (if different from 3.):iv                                              Brookdale Global
                                                                       Opportunity Fund (1)

5. Date of the transaction and date on
which the threshold is crossed or                                            Feb-04-2015
reached: v

6. Date on which issuer notified:                                            Feb-09-2015

7. Threshold(s) that is/are crossed or                                              > 5%
reached: vi, vii


(1)Weiss Asset Management LP is the Investment Manager to Brookdale Global
Opportunity Fund and Brookdale International Partners, L.P.


8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of    Situation         Resulting situation after the triggering transaction
shares           previous
                 to the triggering
                 transaction
if possible
using            Number   Number   Number    Number of voting       % of  voting rights
the ISIN CODE    of       of       of shares rights                 x
                 Shares   Voting
                          Rights   Direct    Direct xi Indirect xii Direct   Indirect

  GB00B011QL44   Below 5% Below 5% 6,979,265 6,979,265     n/a      7.55 %       n/a




B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial  Expiration Exercise/              Number of voting       % of voting
instrument         date xiii  Conversion Period xiv  rights that may be     rights
                                                     acquired if the
                                                     instrument is
                                                     exercised/ converted.






C: Financial Instruments with similar economic effect to Qualifying Financial
Instruments xv, xvi

Resulting situation after the triggering transaction

Type of    Exercise Expiration   Exercise/     Number of voting rights   % of voting
financial  price    date xvii    Conversion    instrument refers to      rights xix, xx
instrument                       period xviii


                                                                         Nominal   Delta





Total (A+B+C)

Number of voting rights                  Percentage of voting rights

6,979,265                                7.55 %





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



Brookdale International Partners, L.P: 5,094,863 shares (5.51 %)

Brookdale Global Opportunity Fund: 1,884,402 shares (2.04 %)




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:                                                        Georgiy Nikitin

15. Contact telephone number:                                            +1-617-778-7725