Purchase of Own Securities

Schroder UK Growth Fund PLC
21 August 2000


                        PURCHASE OF SHARES FOR CANCELLATION

Schroder UK Growth Fund plc announces that on 18 August 2000, the Company
purchased 140,000 shares for cancellation, at a price of 150.00 pence per share.
Following the purchase, there are a further 202,613,123 shares in issue.


Enquiries:

John Spedding
Schroder Investment Management Limited                      Tel: [phone]