Purchase of Own Securities

Schroder UK Growth Fund PLC
11 July 2002


                                                                    11 July 2002




                      Purchase of Shares For Cancellation

Schroder UK Growth Fund plc announces that on 10 July 2002 the Company purchased
a total of 45,000 shares for cancellation at a price of 85.00 pence per share.
Following this purchase, there are a further 170,893,746 shares in issue.


Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]






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