Portfolio Update

SchroderJapan Growth Fund PLC
02 May 2007

FOR IMMEDIATE RELEASE
                            02-May-07



To: The London Stock Exchange



Schroder Japan Growth Fund plc



The Board of Schroder Japan Growth Fund plc announces that the top ten holdings
as at 30 April 2007 are:-



Toyota Motor                               5.80

Mitsui & Co                                4.24

East Japan Railway                         4.22

Takeda Pharmaceutical                      3.87

Sumitomo Mitsui Financial                  3.33

Bridgestone                                3.19

Ricoh                                      3.01

Nippon Tel & Tel                           2.36

Astellas Pharma                            2.33

T&D                                        2.30



By Order of the Board

Schroder Investment Management Limited

Secretaries





Enquiries:                                    Tina Watts

Schroder Japan Growth Fund plc             020 7658 3581




                      This information is provided by RNS
            The company news service from the London Stock Exchange