Purchase of Own Securities

Schroder UK Growth Fund PLC
4 July 2002




                                                                     4 July 2002



                      Purchase of Shares For Cancellation


Schroder UK Growth Fund plc announces that on 3 July 2002 the Company purchased
a total of 48,000 shares for cancellation at a price of 85.00 pence per share.
Following this purchase, there are a further 171,483,746 shares in issue.



Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]







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