Portfolio Update

SchroderJapan Growth Fund PLC
09 August 2005


FOR IMMEDIATE RELEASE                                               09 August-05


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 Friday 29th July 2005 are:-


Takeda Chemical                  6.16%
Mitsui                           5.19%
East Japan Railway               5.13%
Toyota Motor                     4.55%
Bridgestone                      4.20%
Ricoh                            3.45%
Tachihi                          2.73%
Omron                            2.59%
Mitsuibishi                      2.53%
Astellas Pharmaceuticals         2.48%


By Order of the Board
Schroder Investment Management Limited
Secretaries



Enquiries :                                        Anthony Carney  020 7658 2548
Schroder Japan  Growth Fund plc


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