Portfolio Update

SchroderJapan Growth Fund PLC
01 May 2008





                         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 30 April 2008 are:


Toyota Motor                                                            6.78
Mitsui & Company                                                        6.11
Takeda Pharmaceutical Company                                           4.10
Tachihi Enterprise                                                      4.03
Sumitomo Mitsui Financial                                               3.97
Bridgestone                                                             3.57
Ricoh Co Ltd                                                            3.51
T&D Holdings                                                            2.96
Mizuho Financial Group                                                  2.89
East Japan Railway                                                      2.81







                             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
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