Purchase of Own Securities

Schroder UK Growth Fund PLC
9 July 2002



                                                                     9 July 2002



                      Purchase of Shares For Cancellation


Schroder UK Growth Fund plc announces that on 8 July 2002 the Company purchased
a total of 40,000 shares for cancellation at a price of 86.50 pence per share.
Following this purchase, there are a further 171,073,746 shares in issue.






Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]







                      This information is provided by RNS
            The company news service from the London Stock Exchange