Purchase of Own Securities

Schroder UK Growth Fund PLC
18 May 2001


                                                                   18 May 2001



                     Purchase of Shares For Cancellation

Schroder UK Growth Fund plc announces that on 17 May 2001, the Company
purchased a total of 90,000 shares for cancellation at a price of 125.50 pence
per share. Following this purchase, there are a further 190,900,263 shares in
issue.

Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]