Net Asset Value(s)

SchroderJapan Growth Fund PLC
02 June 2006


                                                                       02-Jun-06

To: The London Stock Exchange



Schroder Japan Growth Fund Plc

The Board of Schroder Japan Growth Fund Plc announces that the unaudited net
asset value per share as at Wednesday 31st May 2006 was 117.22 pence.


By Order of the Board
Schroder Investment Management Limited
Secretaries


Enquiries:     Terry Croft                                         020-7658-3953
               Schroder Japan Growth Fund Plc


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