Purchase of Own Securities

Schroder UK Growth Fund PLC
23 May 2001




                                                                   23 May 2001





                     Purchase of Shares For Cancellation




Schroder UK Growth Fund plc announces that on 22 May 2001, the Company
purchased a total of 65,000 shares for cancellation at a price of 127.00 pence
per share. Following this purchase, there are a further 190,705,263 shares in
issue.





Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]