Purchase of Own Securities

SCHRODER UK GROWTH FUND PLC
12 October 1999

Purchase of Shares for Cancellation

Schroder UK Growth Fund plc announces that on 12 October 1999, the Company
purchased 432,044 shares for cancellation, at an average price of 144.13 pence
per share.  Following the purchase, there are a further 223,264,536 shares in
issue.

Enquiries:

John Spedding
Schroder Investment Management Limited          Tel:  [phone]