Portfolio Update

SchroderJapan Growth Fund PLC
02 November 2007



                         Schroder Japan Growth Fund plc

The Board of Japan Growth Fund plc announces that the top ten holdings as a
percentage of net assets at Wednesday 31 October 2007 are:


Toyota Motor                                                             6.89
Mitsui & Company                                                         6.43
Takeda Pharmaceutical Company                                            4.04
Bridgestone                                                              3.78
East Japan Railway                                                       3.51
Ricoh Co Ltd                                                             3.43
Sumitomo Mitsui Financial                                                3.38
Tachihi Enterprise                                                       3.07
Asahi Glass                                                              2.86
T&D Holdings                                                             2.50



                             By Order of the Board

                     Schroder Investment Management Limited

                               Company Secretary

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Enquiries :

Japan Growth Fund plc

Tina Watts 020 7658 3581


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