Investment Manager increases holding

16 March 2020

AVI Japan Opportunity Trust plc

AVI increases their holding in AVI Japan Opportunity Trust plc to 450,000 shares

Asset Value Investors ("AVI"), the investment manager of AVI Japan Opportunity Trust plc, has today announced the purchase of a further 25,000 AJOT shares in connection with AVI's commitment to invest at least 25% of its investment management fee into AJOT shares. This purchase takes AVI's total current holding to 450,000 shares.

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For further information please contact:

Joe Bauernfreund, Asset Value Investors

Tel: 020 7659 4800

About AVI Japan Opportunity Trust plc (AJOT)

AJOT is an investment trust established in 2018 to provide shareholders with capital growth through investing in undervalued cash-rich and over-capitalised small-cap Japanese equities. Asset Value Investors (AVI) the management group for AJOT, will leverage its three decades of experience investing in asset-backed companies to engage with management and help to unlock value in this under-researched area of the market, encouraging them to follow the spirt of the corporate governance changes in Japan.