Purchase of Own Securities

Schroder UK Growth Fund PLC
4 September 2000


                      PURCHASE OF SHARES FOR CANCELLATION

Schroder UK Growth Fund Plc announces that on 1 September 2000, the Company
purchased 48,526 shares for cancellation, at a price of 156.50 pence per share.
Following the purchase, there are a further 201,898,597 shares in issue.


Enquiries: John Spedding
           Schroder Investment Management Limited
           Tel: [phone]