Transaction in Own Shares

Schroder UK Growth Fund PLC
09 December 2004



                                                                 9 December 2004


                    PURCHASE OF SHARES FOR CANCELLATION

Schroder UK Growth Fund plc announces that on 8 December 2004 the Company
purchased 100,000 shares for cancellation at a price of 92.50 pence per share.
Following this purchase, there are a further 165,545,900 shares in issue.


Enquiries:



John Spedding
Schroder Investment Management Limited      Tel: [phone]




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