Portfolio Update

SchroderJapan Growth Fund PLC
04 February 2008





                         Schroder Japan Growth Fund plc



The Board of Japan Growth Fund plc announces that the top ten holdings as a
percentage of net assets at Thursday 31 January 2008 are:


Toyota Motor                                                             7.55
Mitsui & Company                                                         5.86
Takeda Pharmaceutical Company                                            4.76
Tachihi Enterprise                                                       4.21
Sumitomo Mitsui Financial                                                3.75
Bridgestone                                                              3.41
Ricoh Co Ltd                                                             3.28
East Japan Railway                                                       3.00
Asahi Glass                                                              2.98
T&D Holdings                                                             2.58







                             By Order of the Board

                     Schroder Investment Management Limited

                               Company Secretary





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Enquiries :

Japan Growth Fund plc

Tina Watts 020 7658 3581


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