Holding(s) in Company

SchroderJapan Growth Fund PLC
11 July 2005

                                                                    11 July 2005


                    Substantial Share Interest Notification


The Company was notified on 11 July 2005 that, following a disposal of 5,376
shares on 7 July 2005, Nelson Investment Management Limited no longer holds a
notifiable interest in the 10p ordinary shares of the Company.


Enquiries:

John Spedding
Schroder Investment Management Limited        Tel: [phone]




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