Purchase of Own Securities

Schroder UK Growth Fund PLC
9 June 2000

PURCHASE OF WARRANTS FOR CANCELLATION

Schroder UK Growth Fund plc announces that on 9 June 2000, the Company purchased
250,000 warrants for cancellation, at a price of 49.00 pence per warrant.
Following the purchases, there are a further 27,552,007 warrants in issue which
can be exercised at the subscription price of 100p per share on 31 August (or if
not a business day the next business day) in any of the years 2000 to 2002 both
inclusive.

Enquiries:

John Spedding
Schroder Investment Management Limited       Tel: [phone]