Purchase of Own Securities

SCHRODER UK GROWTH FUND PLC
4 October 1999


PURCHASE OF SHARES FOR CANCELLATION

Schroder UK Growth Fund plc announces that on 4 October 1999, the Company
purchased 69,198 shares for cancellation, at a price of 139.50 pence per share. 
Following the purchase, there are a further 223,831,580 shares in issue.

Enquiries:

John Spedding
Schroder Investment Management Limited            Tel: [phone]