Purchase of Own Securities

Schroder UK Growth Fund PLC
24 May 2001


                                                                   24 May 2001


                     Purchase of Shares For Cancellation

Schroder UK Growth Fund plc announces that on 23 May 2001, the Company
purchased a total of 60,000 shares for cancellation at a price of 126.50 pence
per share. Following this purchase, there are a further 190,645,263 shares in
issue.


Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]