Purchase of Own Securities

Schroder UK Growth Fund PLC
23 March 2001

                                                                 23 March 2001


                     Purchase of Shares For Cancellation

Schroder UK Growth Fund plc announces that on 21 March 2001, the Company
purchased a total of 80,000 shares for cancellation at a price of 118.50 pence
per share. Following these purchases, there are a further 192,580,263 shares
in issue.


Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]