Directorate Change

SchroderJapan Growth Fund PLC
19 December 2005

                                                                19 December 2005

                                Director Changes

The Board of Schroder Japan Growth Fund plc is pleased to announce that Mr.
Yoshindo Takahashi has been appointed as a Non-Executive Director of the Company
with immediate effect.

Yoshindo Takahashi, aged 65, is currently Director of the Office of
Pharmaceutical Industry Research, a research arm of Japan Pharmaceutical
Manufacturers Association.  He is also a member of the Management Committee of
Executive Partners Inc, a consulting firm for small and emerging companies and a
statutory auditor (Independent) of Netprice Corp, an internet shopping company
based in Japan. He was previously Executive Director and Dean of Nomura School
of Advanced Management (1996 - 2000) and Executive Vice President of Nomura
Research Institute Ltd (1994 - 1996). He served as President and then Chairman
of Nomura Research Institute Europe Ltd and Nomura Research Institute America
Inc. between 1980 and 1991.

It is confirmed that there are no other details to be disclosed concerning Mr.
Takahashi under Listing Rule 9.6.13 R.

Mr. Keisuke Egashira has indicated that he wishes to retire as a Director of the
Company. Mr. Egashira has served as a Director of the Company since its launch
in 1994 and has made an invaluable contribution to the deliberations of the
Board. He will retire as a Director of the Company with immediate effect and
leaves with the thanks and best wishes of all the Directors.

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Enquiries:

John Spedding
Schroder Investment Management Limited                             020 7658 3206


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