Purchase of Own Securities

Schroder UK Growth Fund PLC
22 March 2000



                  PURCHASE OF SHARES FOR CANCELLATION


Schroder UK Growth Fund plc announces that on 21 March 2000, the Company
purchased 207,934 shares for cancellation, at a price of 162.50 pence per share.
 Following the purchase, there are a further 209,510,504 shares in issue.

Enquiries:

John Spedding
Schroder Investment Management Limited          Tel: [phone]