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] 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 tender offer will be conducted only through the Offer to Purchase and the related Letter of Transmittal, which stockholders are advised to read carefully [4] - Stockholders who do not receive the tender offer materials can contact EQ Fund Solutions, LLC for assistance [3] - The Fund's daily NYSE closing price and NAV, along with other performance information, can be accessed through the Fund's website or by contacting Investor Services [7]