AVI JAPAN OPPORTUNITY TRUST PLC

Proxy Solicitation & Information Statement • Jun 7, 2023

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RNS Number : 8651B

AVI Japan Opportunity Trust PLC

07 June 2023

AVI Japan Opportunity Trust PLC ("AJOT" or the "Company")

LEI: 894500IJ5QQD7FPT3J73

07 June 2023

London

AVI's Rebuttal to NCHD's Opposition to Proposals

AVI, Manager of AVI Japan Opportunity Trust (AJOT), has today published a press release in response to NC Holdings (NCHD)'s opposition to AVI's shareholder proposals. The press release can be found at the following link: www.enhancingnchd.com.

NC Holdings accounts for 6.0% of AJOT's NAV as at 31-May-23.

AVI is an investment management company established in London, United Kingdom, in 1985, and AVI has invested in Japanese equities for more than 20 years. AVI manages AVI Global Trust (Total Gross Assets: approximately JPY190bn (£1.2bn)), AVI Japan Opportunities Trust (Total Gross Assets: approximately JPY31bn (£0.19bn)), etc., as of 31 March 2023. AGT and AJOT are public companies whose shares are listed and traded on the main market of the London Stock Exchange.

AVI has signified its commitment to the "Principles for Responsible Institutional Investors: Japan's Stewardship Code" and, in accordance with its aim, engages in constructive "purposeful dialogue" (engagement) with management and board members in order to contribute to the enhancement of the corporate value and sustainable growth of the portfolio companies.

Contact:

Asset Value Investors Limited

Kaz Sakai

kaz.sakai@assetvalueinvestors.com

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