Holding(s) in Company

SchroderJapan Growth Fund PLC
25 January 2006


                                                                 25 January 2006



                    SUBSTANTIAL SHARE INTEREST NOTIFICATION


The Company was notified on 24 January 2006 that Legal & General plc and/or its
subsidiaries had a notifiable interest, through various nominee accounts in
5,000,355 ordinary shares of 10p each in the Company, being 4.00% of the
125,008,200 shares in issue.


Enquiries:

John Spedding
Schroder Investment Management Limited         Tel: [phone]






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