AGM Statement

Schroder UK Growth Fund PLC
05 August 2002

5 August 2002

                             Annual General Meeting

The Company announces that at the Annual General Meeting, held at 31 Gresham
Street, London, EC2V 7QA, at 12.00 noon on Monday 5 August 2002 the Resolutions
numbered 1 to 8, as set out in the Notice of Meeting were duly passed.

The election of Mrs Stella Pirie as a Director of the Company has been approved
by shareholders. Stella Pirie is 51, and Chairman of Endeavour International
Limited, an export led engineering company. Stella was previously Divisional
Finance Director of Rotork Plc, a multi-national engineering company based in
Bath. She is a non-executive Director of GWR Group Plc, a Commercial Radio
Group, having been its Finance Director during its most active acquisition
period in 1993 to 1996.

It is confirmed that there are no details to be disclosed concerning Mrs Pirie
under paragraph 6.F.2(b) to (g) of the Listing Rules.

The Chairman of the Board, Mr Peter Sedgwick, and Mr Richard Ireland did not
seek re-election at the Annual General Meeting and have accordingly retired as
Directors of the Company. The Board has appointed Mr Alan Clifton as Chairman.

Enquiries:

John Spedding

Schroder Investment Management Limited                     020 7658 3206

Secretaries




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