Purchase of Own Securities

Schroder UK Growth Fund PLC
30 September 2002


                                                               30 September 2002

                      Purchase of Shares For Cancellation

Schroder UK Growth Fund plc announces that on 27 September 2002 the Company
purchased a total of 55,000 shares for cancellation at a price of 70.50 pence
per share. Following this purchase, there are a further 169,733,746 shares in
issue.


Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]


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