Holding(s) in Company

SchroderJapan Growth Fund PLC
26 April 2004


                                                                   26 April 2004


                    Substantial Share Interest Notification

We are writing to advise you that the Company was informed on 26 April 2004
that, following a sale of 500,000 ordinary shares on 1 April 2004, Barfield
Nominees Limited have a total interest in 3,000,000 ordinary shares, and no
longer have a notifable interest in the Company.



Enquiries:

Neil Olofsson
Schroder Investment Management Limited
Tel: [phone]


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