Result of Meeting

Schroder Japan Growth Fund PLC
8 May 2000

Schroder Japan Growth Fund Plc announces that at the adjourned separate meeting
of the Warrantholders, held at 31 Gresham Street, London EC2V 7QA3, at 3.00 p.m.
on Monday 8 May 2000, the extraordinary resolution as set out in the Notice of
Meeting contained within the Circular dated 3 April 2000 was duly
passed.

Enquiries: Christine Higgens
           020 7658 3496
(e-mail [e-mail])