Purchase of Own Securities

SCHRODER UK GROWTH FUND PLC
22 October 1999

                    PURCHASE OF SHARES FOR CANCELLATION

Schroder UK Growth Fund plc announces that on 21 October 1999, the Company
purchased 334,512 shares for cancellation, at an average price of 139.70 pence
per share.  Following the purchases, there are a further 222,224,847 shares in
issue.

Enquiries:
John Spedding
Schroder Investment Management Limited  Tel:  [phone]