Purchase of Own Securities

Schroder UK Growth Fund PLC
14 October 2002

                                                                14 October 2002


                      Purchase of Shares For Cancellation

Schroder UK Growth Fund plc announces that on 11 October 2002 the Company
purchased a total of 65,000 shares for cancellation at a price of 68.50 pence
per share. Following this purchase, there are a further 168,863,746 shares in
issue.


Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]






                      This information is provided by RNS
            The company news service from the London Stock Exchange