Purchase of Own Securities

Schroder UK Growth Fund PLC
30 April 2001

                                                                 30 April 2001


                     Purchase of Shares For Cancellation


Schroder UK Growth Fund plc announces that on 26 April 2001, the Company
purchased a total of 75,000 shares for cancellation at a price of 123.00 pence
per share. Following this purchase, there are a further 191,270,263 shares in
issue.


Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]