Purchase of Own Securities

Schroder UK Growth Fund PLC
22 November 2001
                                                              22 November 2001

                     Purchase of Shares For Cancellation

Schroder UK Growth Fund plc announces that on 21 November 2001 the Company
purchased a total of 35,000 shares for cancellation at a price of 110.50 pence
per share. Following this purchase, there are a further 180,425,746 shares in
issue.


Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]