Purchase of Own Securities

Schroder UK Growth Fund PLC
25 May 2000

                       PURCHASE OF SHARES FOR CANCELLATION

Schroder UK Growth Fund plc announces that on 24 May 2000, the Company purchased
60,598 shares for cancellation, at an average price of 144.30 pence per share. 
Following the purchase, there are a further 206,756,490 shares in issue.

Enquiries:

John Spedding 
Schroder Investment Management Limited           Tel: [phone]