Holding(s) in Company

SchroderJapan Growth Fund PLC
03 January 2008

For filings with the FSA include the annex

For filings with issuer exclude the annex



TR-1: Notifications of Major Interests in Shares



1. Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached:



Schroder Japan Growth Fund plc



2. Reason for the notification

(please place an X inside the appropriate bracket/s):



An acquisition or disposal of voting rights: (X)



An acquisition or disposal of financial instruments which may result in the
acquisition of shares already issued to which voting rights are attached: (   )



An event changing the breakdown of voting rights: (   )



Other (please specify) : (   )

.................



3. Full name of person(s) subject to notification obligation:



HSBC Holdings Plc



4. Full name of shareholder(s) (if different from 3) :



N/A



5. Date of transaction (and date on which the threshold is crossed or reached if
different):



N/A



6. Date on which issuer notified:



24th December 2007



7. Threshold(s) that is/are crossed or reached:



5%


8. Notified Details:



A: Voting rights attached to shares


Class/type of shares              Situation previous to the triggering transaction

if possible use ISIN CODE
                                  Number of shares                   Number of voting rights

ISIN:

GG00B1S4QQ89


Resulting situation after the triggering transaction
Class/type of shares if       Number of shares          Number of voting rights               % of voting rights
possible use ISIN CODE
                                                        Direct         Indirect               Direct       Indirect

                              Not applicable                                                  N/A



B: Financial Instruments

Resulting situation after the triggering transaction


Type of         Expiration date      Exercise/conversion       No. of voting rights that   % of voting rights
financial                            period/date               may be acquired (if the
instrument                                                     instrument exercised/
                                                               converted)

N/A



Total (A+B)
Number of voting rights        % of voting rights


Not applicable                 Not applicable



9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable :



Not applicable



Proxy Voting:



10. Name of proxy holder:



N/A



11. Number of voting rights proxy holder will cease to hold:



N/A







12. Date on which proxy holder will cease to hold voting rights:



N/A



13. Additional information:



None



14. Contact name:



John Spedding



15. Contact telephone number:



0207 658 3206




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