Purchase of Own Securities

Schroder UK Growth Fund PLC
20 August 2001





                                                                20 August 2001




                     Purchase of Shares For Cancellation



Schroder UK Growth Fund plc announces that on 17 August 2001, the Company
purchased a total of 55,000 shares for cancellation at a price of 111.50 pence
per share. Following this purchase, there are a further 184,937,263 shares in
issue.









Enquiries:

John Spedding

Schroder Investment Management Limited       Tel: [phone]