Purchase of Own Securities

Schroder UK Growth Fund PLC
31 October 2000


PURCHASE OF SHARES FOR CANCELLATION

Schroder UK Growth Fund plc announces that on 30 October 2000, the Company
purchased 85,000 shares for cancellation, at a price of 141.50 pence per share.
Following the purchase, there are a further 199,060,263 shares in issue.

Enquiries:

John Spedding                                Tel:  [phone]
Schroder Investment Management Limited