Purchase of Own Securities

Schroder UK Growth Fund PLC
5 December 2001






                                                               5 December 2001


                     Purchase of Shares For Cancellation


Schroder UK Growth Fund plc announces that on 4 December 2001 the Company
purchased a total of 60,000 shares for cancellation at a price of 107.50 pence
per share. Following this purchase, there are a further 179,970,746 shares in
issue.






Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]