Purchase of Own Securities

Schroder UK Growth Fund PLC
15 March 2002


                                                                   15 March 2002


                      Purchase of Shares For Cancellation

Schroder UK Growth Fund plc announces that on 14 March 2002 the Company
purchased a total of 190,000 shares for cancellation at a price of 104.50 pence
per share. Following this purchase, there are a further 178,044,746 shares in
issue.

Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]




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