Portfolio Update

`

30 April 2020

Disclosure of Portfolio Holdings

Schroder Japan Growth Fund plc (the "Company") announces that the Company's unaudited portfolio listing as at 31 January 2020 is now available and can be viewed on the Company's website at www.schroders.co.uk/japangrowth.

Holdings are valued on a fair value basis using closing bid prices.

Enquiries:

Benjamin Hanley

Schroder Investment Management Limited                                              

Tel: 020 7658 3847