Purchase of Own Securities

Schroder UK Growth Fund PLC
10 January 2000

                              PURCHASE OF SHARES FOR CANCELLATION

Schroder UK Growth Fund plc announces that on 10 January 2000, the Company
purchased 119,822 shares for cancellation, at a price of 145.50 pence per share.
 Following the purchases, there are a further 217,966,240 shares in issue.

Enquiries:

John Spedding
Schroder Investment Management Limited               Tel: [phone]