PJF Prospect Japan

THE PROSPECT JAPAN FUND LIMITED

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

Date: 12^th June 2015

Note: The Fund’s NAV above includes a holding in Prospect Co. of Yen 975 million convertible bonds (valued at par) and 2.660 million ordinary shares (valued at a price of Yen 73 per share) with Yen 2,025 million convertible bonds having been converted, following the initial conversion date of 5 January 2015, and 31.09 million ordinary shares arising sold. The convertible bonds can be convertible, at the option of the Fund, into shares of Prospect Co. at a price of Yen 60 per Prospect Co. share at any time prior to the redemption date of 25 May 2020.

Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited
Harry Rouillard   44 (0)1481 745315