Director/PDMR Shareholding

Schroder UK Growth Fund PLC
16 February 2007



   NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL
                      RESPONSIBILITY OR CONNECTED PERSONS



1. Name of the issuer

Schroder UK Growth Fund plc

2. State whether the notification relates to (i) a transaction notified in
accordance with DR 3.1.4R(1)(a); or (ii) DR 3.1.4(R)(1)(b) a disclosure made in
accordance with section 324 (as extended by section 328) of the Companies Act
1985; or (iii) both (i) and (ii)

(iii)

3. Name of person discharging managerial responsibilities/director

Ian Phillips

4. State whether notification relates to a person connected with a person
discharging managerial responsibilities/director named in 3 and identify the
connected person

Director's Spouse only - Mrs Fay R Phillips

5. Indicate whether the notification is in respect of a holding of the person
referred to in 3 or 4 above or in respect of a non-beneficial interest

Beneficial interest in respect of person named in 4 above

6. Description of shares (including class), debentures or derivatives or
financial instruments relating to shares

Ordinary shares of 25 pence each

7. Name of registered shareholders(s) and, if more than one, the number of
shares held by each of them

Schroder Nominees Limited as a registered holder of shares in the Schroder PEP/
ISA Plan

8. State the nature of the transaction

Dividend Reinvestment - General & non discretionary PEP/ISA

9. Number of shares, debentures or financial instruments relating to shares
acquired

105 shares

10. Percentage of issued class acquired (treasury shares of that class should
not be taken into account when calculating percentage)

0.000065%

11. Number of shares, debentures or financial instruments relating to shares
disposed

Nil

12. Percentage of issued class disposed (treasury shares of that class should
not be taken into account when calculating percentage)

Nil

13. Price per share or value of transaction

124p per share

14. Date and place of transaction

31 July 2006 - London

15. Total holding following notification and total percentage holding following
notification (any treasury shares should not be taken into account when
calculating percentage)

15,552 ordinary shares, being 0.0097% of the issuer's issued share capital,
comprising:

Mr Ian Phillips: 8364.04 shares

Mrs Fay Phillips: 7,188

16. Date issuer informed of transaction

9 August 2006

17. Any additional information

None

18. Name of contact and telephone number for queries

Louise Richard - 020 7658 6501

Name and signature of duly authorised officer of issuer responsible for making
notification

Louise Richard

For and behalf of Schroder Investment Management Limited

Date of notification

19 February 2007


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