Holding(s) in Company

SchroderJapan Growth Fund PLC
18 March 2005


                                                                   18 March 2005


                    Substantial Share Interest Notification

The Company was notified on 17 March 2005 that on 14 March 2005, following
disposals of shares, Credit Suisse First Boston no longer holds a notifiable
interest in the 10p ordinary shares of the Company.


Enquiries:

John Spedding
Schroder Investment Management Limited                        Tel: [phone]



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