Purchase of Own Securities

Schroder UK Growth Fund PLC
29 June 2001

                                                                  29 June 2001

                     Purchase of Shares For Cancellation

Schroder UK Growth Fund plc announces that on 28 June 2001, the Company
purchased a total of 260,000 shares for cancellation at a price of 114.10
pence per share. Following this purchase, there are a further 187,667,263
shares in issue.


Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]