Purchase of Own Securities

Schroder UK Growth Fund PLC
31 May 2002


                                                                     31 May 2002


                      Purchase of Shares For Cancellation

Schroder UK Growth Fund plc announces that on 30 May 2002 the Company purchased
a total of 50,000 shares for cancellation at a price of 99.50 pence per share.
Following this purchase, there are a further 172,057,746 shares in issue.

Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]

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