Purchase of Own Securities

Schroder UK Growth Fund PLC
29 August 2002


                                                                 29 August 2002

                      Purchase of Shares For Cancellation

Schroder UK Growth Fund plc announces that on 28 August 2002 the Company
purchased a total of 60,000 shares for cancellation at a price of 82.00 pence
per share. Following this purchase, there are a further 170,713,746 shares in
issue.


Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]





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