Purchase of Own Securities

Schroder UK Growth Fund PLC
3 December 2001



                                                               3 December 2001


                     Purchase of Shares For Cancellation


Schroder UK Growth Fund plc announces that on 30 November 2001 the Company
purchased a total of 90,000 shares for cancellation at a price of 107.50 pence
per share. Following this purchase, there are a further 180,075,746 shares in
issue.


Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]