PJF Prospect Japan

                        THE PROSPECT JAPAN FUND LIMITED

 (a closed-ended investment company incorporated in Guernsey with registration
                                 number 28863)

                                ("the Company")

                                  11 May 2015

                ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS

The Company announces that the Annual Report and Audited Financial Statements
of the Company for the year ended 31st December 2014 (the "Accounts") have
today been posted to shareholders.

In accordance with Listing Rule 9.6.3,a copy of the Accounts has been submitted
to the National Storage Mechanism and will shortly be available for inspection
at: www.morningstar.co.uk/uk/NSM

Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited
Franczeska King
Tel: +44 (0) 1481 745918