Purchase of Own Securities

Schroder UK Growth Fund PLC
13 March 2001

                                                                 13 March 2001


                     Purchase of Shares For Cancellation


Schroder UK Growth Fund plc announces that on 12 March 2001, the Company
purchased a total of 150,000 shares for cancellation at a price of 127.50
pence per share. Following these purchases, there are a further 193,070,263
shares in issue.


Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]