Result of General Meeting

RNS Number : 0339X

Schroder UK Growth Fund PLC

06 August 2009

Schroder UK Growth Fund plc

6 August 2009

Results of General Meeting and Issue of Subscription Shares

Schroder UK Growth Fund plc (the 'Company') announces that at the General Meeting of the Company held on 6 August 2009 to consider a proposal to make a bonus issue of Subscription Shares, the resolution giving effect to the Bonus Issue was duly passed without amendment.

Issue of Subscription Shares

A total of 31,374,859 Subscription Shares have been allotted, subject to listing, to Ordinary Shareholders on the register at 5.00 p.m. on 5 August 2009, by way of a bonus issue on the basis of one Subscription Share for every five Ordinary Shares held at that date.

The subscription share rights conferred by the Subscription Shares will be exercisable on each of 31 January and 31 July between 31 January 2010 and 31 July 2012 (both dates inclusive).

The Subscription Price, as defined in the Prospectus and equal to the Published unaudited NAV per Ordinary Share as at 5.00 p.m. on 5 August 2009 (including current period revenue) of 102.69 pence per share (the 'Unaudited NAV') plus a percentage premium to such amount, rounded up to the nearest whole penny, is as follows:

If Subscription Share Rights are exercised on either 31 January 2010 or 31 July 2010, 113 pence, being a 10 per cent. premium to the Unaudited NAV.

If Subscription Share Rights are exercised on either 31 January 2011 or 31 July 2011, 119 pence, being a 15 per cent. premium to the Unaudited NAV.

If Subscription Share Rights are exercised on either 31 January 2012 or 31 July 2012, 129 pence, being a 25 per cent. premium to the Unaudited NAV.

Application has been made for the Subscription Shares to be admitted to the Official List and to trading on the London Stock Exchange. It is expected that dealings in the Subscription Shares will commence at 8.00 a.m. on 7 August 2009. It is anticipated that certificates in respect of the Subscription Shares will be sent out in the week commencing 10 August 2009.