Portfolio Update

SchroderJapan Growth Fund PLC
02 February 2007

FOR IMMEDIATE RELEASE                                   02-February-07

To: The London Stock Exchange


                         Schroder Japan Growth Fund plc

The Board of Schroder Japan Growth Fund plc announces that the top ten holdings
as at 31 January 2007 are:-

Toyota Motor                                             6.22

Takeda Pharmaceuticals                                   3.86

East Japan Railway                                       3.85

Sumitomo Mitsui Financial                                3.85

Mitsui                                                   3.74

Bridgestone                                              3.39

Ricoh                                                    2.96

Omron                                                    2.56

Mizuho Financial Group                                   2.55

T&D Holdings                                             2.42




By Order of the Board

Schroder Investment Management Limited

Secretaries





Enquiries:                                            Tina Watts

Schroder Japan Growth Fund plc                        020 7658 3581



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