Purchase of Own Securities

Schroder UK Growth Fund PLC
09 October 2002



                                                                  9 October 2002

                      Purchase of Shares For Cancellation

Schroder UK Growth Fund plc announces that on 8 October 2002 the Company
purchased a total of 30,000 shares for cancellation at a price of 69.00 pence
per share. Following this purchase, there are a further 169,263,746 shares in
issue.


Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]



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