Purchase of Own Securities

Schroder UK Growth Fund PLC
25 July 2001

                                                                  25 July 2001
                     
                       Purchase of Shares For Cancellation

Schroder UK Growth Fund plc announces that on 23 July 2001, the Company
purchased a total of 100,000 shares for cancellation at a price of 113.00
pence per share. Following this purchase, there are a further 186,137,263
shares in issue.


Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]