Purchase of Own Securities

Schroder UK Growth Fund PLC
1 March 2002

                                                                    1 March 2002

                     Purchase of Warrants For Cancellation

Schroder UK Growth Fund plc announces that on 28 February 2002, the Company
purchased 803,348 warrants for cancellation, at a price of 7.00 pence per
warrant. Following this purchase, there are a further 23,837,108 warrants in
issue which can be exercised at the subscription price of 100p per share on 31
August (or if not a business day the next business day) 2002, which will be the
final subscription date.




Enquiries:

John Spedding

Schroder Investment Management Limited     Tel: [phone]



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