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 22 March 2001, the Company
purchased a total of 137,000 shares for cancellation at a price of 114.50
pence per share. Following these purchases, there are a further 192,443,263
shares in issue.







Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]