Transaction in Own Shares

Schroder UK Growth Fund PLC
18 March 2005



                                                                   18 March 2005

                        PURCHASE OF SHARES FOR CANCELLATION

Schroder UK Growth Fund plc announces that on 17 March 2005 the Company
purchased 900,000 shares for cancellation at a price of 101.00 pence per share.
Following this purchase, there are a further 164,645,900 shares in issue.

Enquiries:

John Spedding
Schroder Investment Management Limited         Tel: [phone]



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