PJF Prospect Japan

                        THE PROSPECT JAPAN FUND LIMITED

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



        FUND NAME                 NAV            SEDOL           NAV DATE

 The Prospect Japan Fund        $1.2701         B011QL4      11th March 2016
         Limited



Note: The Fund's NAV above includes a holding in Prospect Co. of Yen 288
million stock acquisition rights (`SARs') (valued at par)with no SARs having
been converted, following the initial conversion date of 21 December 2015and no
ordinary shares arising sold. The SARs can be exercised, at the option of the
Fund, into shares of Prospect Co. at a price of Yen 54 per Prospect Co. share
at any time prior to the expiration date of 20 December 2020.

Top 10 Holdings

Symbol       Security                          % of
                                               Total
                                               Assets

8563         THE DAITO BANK                    26.29%

8562         FUKUSHIMA BANK                    14.90%

2178         TRI-STAGE                          9.17%

8205         SHAKLEE GBL. GRP.                  7.76%

3001         KATAKURA INDS                      7.63%

9313         MARUHACHI WAREHOUSE                7.13%

9082         DAIWA MOTOR                        5.88%

1921         TOMOE                              5.80%

8521         NAGANO BANK                        3.24%

7404         SHOWA AIRCRAFT IND                 3.16%

Date: 11th March 2016


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



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