Purchase of Own Securities

Schroder UK Growth Fund PLC
28 March 2002

                                                                   28 March 2002


                      Purchase of Shares For Cancellation

Schroder UK Growth Fund plc announces that on 27 March 2002 the Company
purchased a total of 100,000 shares for cancellation at a price of 102.50 pence
per share. Following this purchase, there are a further 177,520,746 shares in
issue.

Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]



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