ABRDN JAPAN EQUITY FUND, INC. (JEQ) ANNOUNCES COMMENCEMENT OF 50% CASH TENDER OFFER

Core Viewpoint - abrdn Japan Equity Fund, Inc. has initiated a cash tender offer to purchase up to 7,072,985 shares, which is approximately 50% of its outstanding shares, at a price equal to 98% of the Fund's net asset value (NAV) per share [1][2]. Group 1 - The tender offer commenced on August 1, 2025, and will expire on September 2, 2025, unless extended [1]. - Payment for the tender offer is expected to be made around September 12, 2025, following the expiration date [1]. - If more than 7,072,985 shares are tendered, the Fund will prioritize purchasing shares from stockholders who own 99 shares or fewer, before purchasing the remaining shares on a pro rata basis [2]. Group 2 - The Fund's tender offer materials will be mailed to record holders of shares on or about August 1, 2025 [3]. - Stockholders who do not receive the tender offer materials can contact EQ Fund Solutions, LLC for assistance [3]. - The tender offer will only be valid in jurisdictions where it does not violate local laws [4].