Net Asset Value(s)

SchroderJapan Growth Fund PLC
20 October 2006


                                                                       20-Oct-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 19th October 2006  was 112.66 pence.




By Order of the Board
Schroder Investment Management Limited
Secretaries


Enquiries:        Tina Watts                                       020-7658-3581
                  Schroder Japan Growth Fund Plc



END


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