Purchase of Own Securities

Schroder UK Growth Fund PLC
14 May 2002





                                                                     14 May 2002


                      Purchase of Shares For Cancellation

Schroder UK Growth Fund plc announces that on 13 May 2002 the Company purchased
a total of 95,000 shares for cancellation at a price of 101.00 pence per share.
Following this purchase, there are a further 174,692,746 shares in issue.







Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]







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