Investment Manager

SchroderJapan Growth Fund PLC
12 November 2007



                                                                12 November 2007



                        APPOINTMENT OF INVESTMENT MANAGER


The Company announces that Andrew Rose will be taking responsibility within
Schroders, for the investment management of the Company's portfolio with
immediate effect. Andrew is a Fund manager for Japanese Equity portfolios, based
in London and was Head of Japanese Equities at Schroders from 2001 until 2006 in
Tokyo.

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Enquiries:

John Spedding
Schroder Investment Management Limited                Tel: [phone]




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