Purchase of Own Securities

Schroder UK Growth Fund PLC
8 November 2000

PURCHASE OF SHARES FOR CANCELLATION

Schroder UK Growth Fund plc announces that on 7 November 2000, the Company
purchased 275,000 shares for cancellation, at a price of 145.50 pence per share.
 Following the purchase, there are a further 198,635,263 shares in issue.

Enquiries:

John Spedding
Schroder Investment Management Limited               Tel:  [phone]