Source - PRN

(“AJGF” or the “Company”)

(a closed-ended investment company incorporated in Guernsey with registration number 30709)

Director/PDMR Shareholding
10 October 2016

1. Details of PDMR / person closely associated with them ('PCA')
a) Name Noel Lamb
b) Position / status Chairman
c) Initial notification / amendment Initial notification
2. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument Atlantis Japan Growth Fund common shares
b) Nature of the transaction Exercise of subscription rights
c) Price(s) and volume(s)
Price(s) Volume(s)
143.76p 2,000
d) Aggregated information
Aggregated volume Price
2,000 shares at 143.76p
e) Date of the transaction 2016 – 10 - 11
f) Place of the transaction Shares to be admitted to the main market of the London Stock Exchange

Company Secretary
Northern Trust International Fund Administration Services (Guernsey) Limited
Tel:       +44 (0) 1481 745498