Purchase of Own Securities

Schroder UK Growth Fund PLC
4 July 2001

                                                                   4 July 2001


                     Purchase of Shares For Cancellation

Schroder UK Growth Fund plc announces that on 3 July 2001, the Company
purchased a total of 70,000 shares for cancellation at a price of 114.10 pence
per share. Following this purchase, there are a further 187,457,263 shares in
issue.


Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]