Purchase of Own Securities

Schroder UK Growth Fund PLC
5 October 2001



                                                              5 October 2001

                     Purchase of Shares For Cancellation

Schroder UK Growth Fund plc announces that on 3 October 2001 the Company
purchased a total of 230,000 shares for cancellation at a price of 95.00 pence
per share. Following this purchase, there are a further 182,280,746 shares in
issue.

Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]