Purchase of Own Securities

Schroder UK Growth Fund PLC
21 March 2001


                                                                 21 March 2001


                     Purchase of Shares For Cancellation

Schroder UK Growth Fund plc announces that on 20 March 2001, the Company
purchased a total of 100,000 shares for cancellation at a price of 121.50
pence per share. Following these purchases, there are a further 192,660,263
shares in issue.


Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]