Purchase of Own Securities

Schroder UK Growth Fund PLC
7 September 2001


                                                              7 September 2001

                     Purchase of Shares For Cancellation


Schroder UK Growth Fund plc announces that on 5 September 2001, the Company
purchased a total of 85,000 shares for cancellation at a price of 110.50 pence
per share. Following this purchase, there are a further 184,072,263 shares in
issue.

Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]