Share buy-back authority

Aberdeen Japan Investment Trust PLC

Legal Entity Identifier: 5493007LN4380BLNLM64

Share buy-back authority

Aberdeen Japan Investment Trust PLC (the "Company") is restating its disclosures on regulatory information services (RIS) to include details of its current share buy-back authority.

At the annual general meeting held on 10 July 2017 the Company was granted authority to repurchase up to 14.99% of its Ordinary shares then in issue, being 2.25m Ordinary shares. As at 27 July 2017, no Ordinary shares had been repurchased pursuant to this authority. Unless expressly revoked by shareholders, such authority shall expire at the conclusion of the next annual general meeting of the Company or on 30 September 2018 (whichever is earlier).

The Board expects to renew this authority annually and it is expected that similar announcements will be made at the time of each renewal.

The buyback may be funded from the Company's own cash resources or, if appropriate, from funds available from borrowings. The maximum price payable per share (exclusive of expenses) must not exceed the higher of: (i) 105% of the average closing price for the five business days preceding the date of purchase; and (ii) the higher of the last independent bid and the highest current independent bid on the London Stock Exchange. Shares repurchased will either be held in treasury or cancelled. The Company is not authorised to repurchase shares at a price higher than the net asset value.

The Company has appointed J.P. Morgan Securities plc to act as its broker in respect of its share buy-back transactions.

Any buy-backs under this authority will be undertaken pursuant to the Company's discount management policy.

This arrangement is in accordance with Chapter 12 of the UKLA Listing Rules and the Company's general authority to repurchase shares.

Enquiries:

Aberdeen Asset Management PLC

Secretary

Tel. 0131 528 4000