Purchase of Own Securities

Schroder UK Growth Fund PLC
13 July 2001


                                                                  13 July 2001



                     Purchase of Shares For Cancellation

Schroder UK Growth Fund plc announces that on 12 July 2001, the Company
purchased a total of 150,000 shares for cancellation at a price of 114.25
pence per share. Following this purchase, there are a further 186,662,263
shares in issue.


Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]