Purchase of Own Securities

Schroder UK Growth Fund PLC
4 March 2002

                                                                    4 March 2002


                      Purchase of Shares For Cancellation


Schroder UK Growth Fund plc announces that on 1 March 2002 the Company purchased
a total of 170,000 shares for cancellation at a price of 104.25 pence per share.
Following this purchase, there are a further 178,657,746 shares in issue.


Enquiries:

John Spedding
Schroder Investment Management Limited          Tel: [phone]


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