Holding(s) in Company

SchroderJapan Growth Fund PLC
24 April 2003



                                                                   24 April 2003

                    Substantial Share Interest Notification

We are writing to advise you that the Company was informed on 23 April 2003
that, following purchases of 70,000 and 100,000 ordinary shares on 27 March 2003
and 31 March 2003 respectively, Barfield Nominees Limited have a total interest
in 3,920,000 ordinary shares representing 3.14% of the shares in issue.

Enquiries:

John Spedding

Schroder Investment Management Limited

Tel: [phone]



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