Portfolio Update

SchroderJapan Growth Fund PLC
02 February 2006

FOR IMMEDIATE RELEASE                                         02 February 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 31st January 2006 are:-

Mitsui                            5.89%
                            
Takeda Pharmaceutical             5.19%

East Japan Railway                4.99%

Toyota Motor                      4.75%

Mitsuibishi                       3.63%

Bridgestone                       3.32%

Ricoh                             2.94%

Omron                             2.81%

Tachihi Enterprise                2.45%

Astellas Pharmaceuticals          2.40%




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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