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                          Prospect Japan Fund Ltd
    of existing shares to which voting rights are                                                      
    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):                                                                                          
                                                                                                       
    3. Full name of person(s) subject to the                                  Weiss Asset Management LP
    notification obligation: iii                                                                       
                                                                                                       
    4. Full name of shareholder(s)                    Brookdale International Partners, L.P., Brookdale
     (if different from 3.):iv                                               Global Opportunity Fund[1]
                                                                                                       
    5. Date of the transaction and date on                                                  Jan-10-2017
    which the threshold is crossed or                                                                  
    reached: v                                                                                         
                                                                                                       
    6. Date on which issuer notified:                                                       Jan-10-2017
                                                                                                       
    7. Threshold(s) that is/are crossed or                                                         > 5%
    reached: vi, vii                                                                                   
                                                                                                       

       

    8. Notified details:                                                                                 
                                                                                                         
    A: Voting rights attached to shares viii, ix                                                         
                                                                                                         
    Class/type of    Situation previous        Resulting situation after the triggering transaction      
    shares           to the triggering                                                                   
                     transaction                                                                         
    if possible                                                                                          
    using            Number       Number       Number      Number of voting      % of  voting rights x   
    the ISIN CODE    of           of           of shares   rights                                        
                     Shares       Voting                                                                 
                                  Rights       Direct      Direct xi   Indirect  Direct       Indirect   
                                                                       xii                               
                                                                                                         
      GB00B011QL44     Below 5%   Below 5%      5,370,506   5,370,506     n/a    5.82 %           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 financial  Exercise   Expiration Exercise/     Number of voting rights  % of voting rights   
    instrument         price      date xvii  Conversion    instrument refers to     xix, xx              
                                             period xviii                                                
                                                                                                         
    CFD                n/a        n/a        n/a           550,000                  Nominal      Delta   
                                                                                                         
                                                                                       0.60%     1       
                                                                                                         
    Total (A+B+C)                                                                                        
                                                                                                         
    Number of voting rights                          Percentage of voting rights                         
                                                                                                         
    5,920,506                                        6.41 %                                              
                                                                                                         

       

    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: 4,003,727 voting rights/financial                    
    instruments (4.34 %)                                                                        
    Brookdale Global Opportunity Fund: 1,916,779 voting rights/financial                        
    instruments (2.08 %)                                                                        
                                                                                                
    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
                                                                                                

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