Transaction in Own Shares

Schroder UK Growth Fund PLC
08 June 2004

                                                                     8 June 2004

                         PURCHASE OF SHARES FOR CANCELLATION

Schroder UK Growth Fund plc announces that on 7 June 2004 the Company purchased
300,000 shares for cancellation at a price of 89.00 pence per share. Following
this purchase, there are a further 167,745,900 shares in issue.

Enquiries:

John Spedding
Schroder Investment Management Limited                        Tel: [phone]





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