Purchase of Own Securities

Schroder UK Growth Fund PLC
20 November 2002



                                                                20 November 2002



                      Purchase of Shares For Cancellation


Schroder UK Growth Fund plc announces that on 19 November 2002 the Company
purchased a total of 50,000 shares for cancellation at a price of 75.00 pence
per share. Following this purchase, there are a further 168,313,900 shares in
issue.


Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]




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