Purchase of Own Securities

Schroder UK Growth Fund PLC
19 January 2000


Puchase of Shares for Cancellation

Schroder UK Growth Fund plc announces that on 18 January 2000, the Company
purchased 752,661 shares for cancellation, at an average price of 148.58 pence
per share.  Following the purchase, there are a further 215,903,715 shares in
issue.

Enquiries:

John Spedding
Schroder Investment Management Limited            Tel: [phone]