Purchase of Own Securities

Schroder UK Growth Fund PLC
4 July 2000


PURCHASE OF SHARES FOR CANCELLATION

Schroder UK Growth Fund plc announces that on 3 July 2000, the Company purchased
115,035 shares for cancellation, at a price of 148.44 pence per share. 
Following the purchase, there are a further 204,184,146 shares in issue.

Enquiries:

John Spedding
Schroder Investment Management Limited          Tel: [phone]