Net Asset Value(s)

Schroder UK Mid & Small Cap Fd PLC
01 February 2008





                        Schroder UK Mid & Small Cap Fund




The Board of Schroder UK Mid & Small Cap Fund Limited announces that the
unaudited net asset value per share, excluding any accrued income, as Thursday
31 January 2008 was 239.03 pence.









                             By Order of the Board

                     Schroder Investment Management Limited

                               Company Secretary






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Enquiries :

Schroder UK Mid & Small Cap Fund

Tina Watts 020 7658 3581


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