Holding(s) in Company

SchroderJapan Growth Fund PLC
05 May 2006



                                                                      5 May 2006



                    SUBSTANTIAL SHARE INTEREST NOTIFICATION


The Company was notified on 4 May 2006 that Legal & General Group plc and/or its
subsidiaries had a notifiable interest, through various nominee accounts, in
4,972,315 ordinary shares of 10p each in the Company, being 3.97% of the
125,008,200 shares in issue.


Enquiries:

John Spedding
Schroder Investment Management Limited             Tel: [phone]




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