Purchase of Own Securities

Schroder UK Growth Fund PLC
16 July 2001


                                                                  16 July 2001


                     Purchase of Shares For Cancellation


Schroder UK Growth Fund plc announces that on 13 July 2001, the Company
purchased a total of 120,000 shares for cancellation at a price of 114.50
pence per share. Following this purchase, there are a further 186,542,263
shares in issue.



Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]