Portfolio Update

SchroderJapan Growth Fund PLC
01 August 2007





                         Schroder Japan Growth Fund plc


The Board of Schroder Japan Growth Fund plc announces that the top ten holdings
as a percentage of net assets at Tuesday 31 July 2007 are:


Toyota Motor                                                             6.57
Mitsui & Company                                                         5.76
East Japan Railway                                                       4.41
Takeda Pharmaceutical Company                                            3.87
Bridgestone                                                              3.80
Sumitomo Mitsui Financial                                                3.73
Ricoh Co Ltd                                                             3.40
Tachihi Enterprise                                                       3.19
Nidec                                                                    2.96
Asahi Glass                                                              2.77







                             By Order of the Board

                     Schroder Investment Management Limited

                               Company Secretary





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Enquiries :

Schroder Japan Growth Fund plc

Tina Watts 020 7658 3581


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