Directors' Dealings

SCHRODER UK GROWTH FUND PLC




                            DEALINGS BY DIRECTORS

1)   NAME OF COMPANY

SCHRODER UK GROWTH FUND PLC

2)   NAME OF DIRECTOR

I PHILLIPS

3)   Please state whether notification indicates that it is in
     respect of holding of the Director named in 2 above
     or 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
PERSONAL EQUITY 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

REINVESTMENT OF DIVIDENDS HELD THROUGH A NON DISCRETIONARY GENERAL PEP

7)   Number of shares/amount of
     stock acquired

81

8)   (0.000036%)
    of issued Class

9)   Number of shares/amount
     of stock disposed

N/A

10)  ( N/A %)
    of issued Class

11)  Class of security

ORDINARY SHARES

12)  Price per share

145P

13)  Date of transaction

6 AUGUST 1999

14)  Date company informed

31 AUGUST 1999

15)  Total holding following this notification

6,873 ORDINARY SHARES

16)  Total percentage holding of issued class following 
     this notification      

0.0031

      IF A DIRECTOR HAS BEEN GRANTED OPTIONS BY THE COMPANY PLEASE COMPLETE 
                              THE FOLLOWING BOXES

17)  Date of grant

N/A

18)  Period during which or date on which exercisable

N/A

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

N/A

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

N/A

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

N/A

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

N/A

23)  Any additional information

DIRECTOR NOT YET INFORMED

24)  Name of contact and telephone number for queries

JOHN SPEDDING 0171 658 3206



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

     Date of Notification...1 SEPTEMBER 1999.....


                            DEALINGS BY DIRECTORS

1)   NAME OF COMPANY

SCHRODER UK GROWTH FUND PLC

2)   NAME OF DIRECTOR

R IRELAND            

3)   Please state whether notification indicates that it is in
     respect of holding of the Director named in 2 above
     or holding of that person's spouse or children under
     the age of 18 or in respect of a non-beneficial interest


DIRECTOR AND SPOUSE


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
PERSONAL EQUITY 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)

NOTIFICATION INCLUDES DIRECTOR'S WIFE MRS E IRELAND

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

REINVESTMENT OF DIVIDENDS HELD THROUGH A NON DISCRETIONARY GENERAL PEP

7)   Number of shares/amount of
     stock acquired

278

8)   (0.00012%)
    of issued Class

9)   Number of shares/amount
     of stock disposed

N/A

10)  ( N/A %)
    of issued Class

11)  Class of security

ORDINARY SHARES

12)  Price per share

145P

13)  Date of transaction

6 AUGUST 1999

14)  Date company informed

31 AUGUST 1999

15)  Total holding following this notification

23,648 ORDINARY SHARES

16)  Total percentage holding of issued class following 
     this notification      

0.0106

      IF A DIRECTOR HAS BEEN GRANTED OPTIONS BY THE COMPANY PLEASE COMPLETE 
                              THE FOLLOWING BOXES

17)  Date of grant

N/A

18)  Period during which or date on which exercisable

N/A

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

N/A

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

N/A

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

N/A

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

N/A

23)  Any additional information

DIRECTOR NOT YET INFORMED

24)  Name of contact and telephone number for queries

JOHN SPEDDING 0171 658 3206



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

     Date of Notification...1 SEPTEMBER 1999.....


                            DEALINGS BY DIRECTORS

1)   NAME OF COMPANY

SCHRODER UK GROWTH FUND PLC

2)   NAME OF DIRECTOR

I P SEDGWICK

3)   Please state whether notification indicates that it is in
     respect of holding of the Director named in 2 above
     or holding of that person's spouse or children under
     the age of 18 or in respect of a non-beneficial interest


DIRECTOR AND SPOUSE


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
PERSONAL EQUITY 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)

NOTIFICATION INCLUDES DIRECTOR'S WIFE - MRS V M SEDGWICK

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

REINVESTMENT OF DIVIDENDS HELD THROUGH A NON DISCRETIONARY GENERAL PEP

7)   Number of shares/amount of
     stock acquired

220

8)   (0.000099%)
    of issued Class

9)   Number of shares/amount
     of stock disposed

N/A

10)  ( N/A %)
    of issued Class

11)  Class of security

ORDINARY SHARES

12)  Price per share

145P

13)  Date of transaction

6 AUGUST 1999

14)  Date company informed

31 AUGUST 1999

15)  Total holding following this notification

18,700 ORDINARY SHARES (THROUGH THE SCHRODER PEP)
25,000 ORDINARY SHARES (REGISTERED)
16)  Total percentage holding of issued class following 
     this notification      

0.0196

      IF A DIRECTOR HAS BEEN GRANTED OPTIONS BY THE COMPANY PLEASE COMPLETE 
                              THE FOLLOWING BOXES

17)  Date of grant

N/A

18)  Period during which or date on which exercisable

N/A

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

N/A

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

N/A

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

N/A

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

N/A

23)  Any additional information

DIRECTOR NOT YET INFORMED

24)  Name of contact and telephone number for queries

JOHN SPEDDING 0171 658 3206



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

     Date of Notification...1 SEPTEMBER 1999.....


                            DEALINGS BY DIRECTORS

1)   NAME OF COMPANY

SCHRODER UK GROWTH FUND PLC

2)   NAME OF DIRECTOR

K M NIVEN    

3)   Please state whether notification indicates that it is in
     respect of holding of the Director named in 2 above
     or holding of that person's spouse or children under
     the age of 18 or in respect of a non-beneficial interest


DIRECTOR AND SPOUSE


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
PERSONAL EQUITY 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)

NOTIFICATION INCLUDES DIRECTOR'S WIFE - MRS L A NIVEN  

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

REINVESTMENT OF DIVIDENDS HELD THROUGH A NON DISCRETIONARY GENERAL PEP

7)   Number of shares/amount of
     stock acquired

198

8)   (0.000089%)
    of issued Class

9)   Number of shares/amount
     of stock disposed

N/A

10)  ( N/A %)
    of issued Class

11)  Class of security

ORDINARY SHARES

12)  Price per share

145P

13)  Date of transaction

6 AUGUST 1999

14)  Date company informed

31 AUGUST 1999

15)  Total holding following this notification

16,335 ORDINARY SHARES 

16)  Total percentage holding of issued class following 
     this notification      

0.0073 

      IF A DIRECTOR HAS BEEN GRANTED OPTIONS BY THE COMPANY PLEASE COMPLETE 
                              THE FOLLOWING BOXES

17)  Date of grant

N/A

18)  Period during which or date on which exercisable

N/A

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

N/A

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

N/A

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

N/A

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

N/A

23)  Any additional information

DIRECTOR NOT YET INFORMED

24)  Name of contact and telephone number for queries

JOHN SPEDDING 0171 658 3206



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

     Date of Notification...1 SEPTEMBER 1999.....