Portfolio Update

SchroderJapan Growth Fund PLC
03 May 2006

FOR IMMEDIATE RELEASE                                               03 May 2006



To : The London Stock Exchange





Schroder Japan Growth Fund plc





The Board of the Schroder Japan Growth Fund plc announces that the top ten
holdings as at 28th April 2006 are:-



Mitsui                                    5.73%

East Japan Railway                        5.19%

Takeda Pharmaceutical                     5.19%

Toyota Motor                              4.97%

Bridgestone                               3.68%

Sumitomo Mistui                           3.54%

Ricoh                                     3.15%

Omron                                     3.08%

Tachihi Enterprise                        2.25%

Astellas Pharmaceuticals                  2.24%






By Order of the Board


Schroder Investment Management Limited


Secretaries





Enquiries :          Terry Croft   020 7658 3953

Schroder Japan  Growth Fund plc


                      This information is provided by RNS
            The company news service from the London Stock Exchange