Purchase of Own Securities

Schroder UK Growth Fund PLC
16 May 2001




                                                                   16 May 2001

                     Purchase of Shares For Cancellation


Schroder UK Growth Fund plc announces that on 15 May 2001, the Company
purchased a total of 280,000 shares for cancellation at a price of 125.00
pence per share. Following this purchase, there are a further 190,990,263
shares in issue.







Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]