Portfolio Update

SchroderJapan Growth Fund PLC
04 May 2005


FOR IMMEDIATE RELEASE                                                04 May-05


To : The London Stock Exchange


Schroder Japan Growth Fund plc



The Board of the Schroder Japan Growth Fund plc announces that the top ten
holdings as at Friday 29th April 2005 are:-


Takeda Chemical                  5.86%
East Japan Railway               5.42%
Mitsui                           5.10%
Toyota Motor                     4.40%
Bridgestone                      4.11%
Ricoh                            3.58%
Tachihi                          2.91%
Astellas Pharmaceuticals         2.76%
Omron                            2.65%
Glory                            2.46%


By Order of the Board

Schroder Investment Management Limited
Secretaries


Enquiries :             Anthony Carney  020 7658 2548
                        Schroder Japan  Growth Fund plc



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

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