Purchase of Own Securities

Schroder UK Growth Fund PLC
11 October 2001


                                                               11 October 2001



                     Purchase of Shares For Cancellation

Schroder UK Growth Fund plc announces that on 10 October 2001 the Company
purchased a total of 50,000 shares for cancellation at a price of 99.50 pence
per share. Following this purchase, there are a further 182,060,746 shares in
issue.




Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]