Purchase of Own Securities

Schroder UK Growth Fund PLC
23 October 2002

                                                                23 October 2002

                      Purchase of Shares For Cancellation


Schroder UK Growth Fund plc announces that on 22 October 2002 the Company
purchased a total of 65,000 shares for cancellation at a price of 75.25 pence
per share. Following this purchase, there are a further 168,663,900 shares in
issue.


Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]




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