Net Asset Value(s)

SchroderJapan Growth Fund PLC
21 September 2007





                         Schroder Japan Growth Fund plc




The Board of Schroder Japan Growth Fund plc announces that the unaudited net
asset value per share, excluding any accrued income, as at Thursday 20 September
was 103.84 pence.









                             By Order of the Board

                     Schroder Investment Management Limited

                               Company Secretary






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Enquiries :

Schroder Japan Growth Fund plc

Tina Watts 020 7658 3581


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