Net Asset Value(s)

SchroderJapan Growth Fund PLC
12 May 2006


                                        12-May-06


To : The London Stock Exchange


Schroder Japan Growth Fund Plc


The Board of Schroder Japan Growth Fund Plc announces that the unaudited net
asset value per share as at Thursday 11th May 2006  was 129.10 pence.



By Order of the Board
Schroder Investment Management Limited
Secretaries



Enquiries :                         Terry Croft                   020-7658-3953
Schroder Japan Growth Fund Plc



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