Appointment

SchroderJapan Growth Fund PLC
4 October 2001

                                                                4 October 2001



                           Appointment of Director


Schroder Japan Growth Fund plc announces that on 3 October 2001, Mrs Phillipa
Gould resigned as a Director of the Company.

Mr Jan Kingzett was appointed as a Director of the Company with effect from 3
October 2001. Mr Kingzett has worked for Schroders since 1977. He is currently
based in London as one of the directors responsible for Schroders' Pacific
business.


Mr Kingzett was born in 1955, and was educated at Cambridge University. He
joined Schroders initially as an investment analyst, before being seconded to
Tokyo in 1979. He subsequently worked in the Singapore office, returning to
London in 1985 as a Pacific fund manager. He was made a director of Schroder
Investment Management in 1987. He was appointed to the board of their Japanese
fund management subsidiary at its launch in 1986, and chaired their Japanese
investment trust company from 1992 to 1997. He is currently Vice Chairman of
Schroders' Japanese subsidiary, as well as being on the board of their Hong
Kong, Singapore, and Australian subsidiaries.


His UK directorships outside of the Schroder Group include Schroder
AsiaPacific Fund plc, a UK-listed investment trust, and Thos. Agnew & Sons
Ltd, a London fine art gallery.


It is confirmed that there are no details to be disclosed concerning Mr
Kingzett under paragraph 6.F.2(b) to (g) of the Listing Rules.





Enquiries:

John Spedding

Schroder Investment Management Limited     Tel: [phone]