Holding(s) in Company

SchroderJapan Growth Fund PLC
25 June 2004


                                                                    25 June 2004

                    Substantial Share Interest Notification


We are writing to advise you that the Company was informed on 25 June 2004 that,
Legal & General Group Plc and/or its subsidiaries have a material interest in
4,747,454 ordinary shares of the Company representing 3.79% of the 125,003,500
shares in issue.  The shares are registered in the name of HSBC Global Custody
Nominee (UK) Limited with various account designations.


Enquiries:

John Spedding
Schroder Investment Management Limited
Tel: [phone]




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