Purchase of Own Securities

Schroder UK Growth Fund PLC
10 September 2002

                                                               10 September 2002

                      Purchase of Shares For Cancellation

Schroder UK Growth Fund plc announces that on 9 September 2002 the Company
purchased a total of 130,000 shares for cancellation at a price of 75.00 pence
per share. Following this purchase, there are a further 170,313,746 shares in
issue.

Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]


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