Purchase of Own Securities

Schroder UK Growth Fund PLC
4 June 2001




                                                                   4 June 2001


                     Purchase of Shares For Cancellation




Schroder UK Growth Fund plc announces that on 1 June 2001, the Company
purchased a total of 75,000 shares for cancellation at a price of 122.50 pence
per share. Following this purchase, there are a further 190,285,263 shares in
issue.




Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]