Purchase of Own Securities

Schroder UK Growth Fund PLC
30 December 1999



                   PURCHASE OF SHARES FOR CANCELLATION

Schroder UK Growth Fund plc announces that on 30 December 1999, the Company
purchased 40,296 shares for cancellation, at an average price of 149.50 pence
per share.  Following the purchases, there are a further 220,267,790 shares in
issue.

Enquiries:

Christine Higgens
Schroder Investment Management Limited            Tel:  [phone]