Director Shareholding

Schroder UK Growth Fund PLC
04 August 2004


                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1. Name of company

Schroder UK Growth Fund plc

2. Name of director

Stella Pirie

3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18 or in respect of a non-beneficial
interest

Director only

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

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

5. Please state whether notification relates to a person(s) connected with the
director named in 2 above and identify the connected person(s)

N/A

6. Please state the nature of the transaction. For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary

Dividend Reinvestment

7. Number of shares / amount of stock acquired

166

8. Percentage of issued class

0.000099

9. Number of shares/amount of stock disposed
-

10. Percentage of issued class
-

11. Class of security

Ordinary shares

12. Price per share

89p

13. Date of transaction

30 July 2004

14. Date company informed

3 August 2004

15. Total holding following this notification

9,996 ordinary shares

16. Total percentage holding of issued class following this notification

0.006%

If a director has been granted options by the company please complete the
following boxes.

17. Date of grant


18. Period during which or date on which exercisable


19. Total amount paid (if any) for grant of the option


20. Description of shares or debentures involved: class, number


21. Exercise price (if fixed at time of grant) or indication that price is to be
fixed at time of exercise


22. Total number of shares or debentures over which options held following this
notification


23. Any additional information

Director not yet informed

24. Name of contact and telephone number for queries

Neil Olofsson - 020 7658 3496

25. Name and signature of authorised company official responsible for making
this notification

Neil Olofsson

Date of Notification

3 August 2004

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