Purchase of Own Securities

Schroder UK Growth Fund PLC
3 March 2000

                      PURCHASE OF SHARES FOR CANCELLATION

Schroder UK Growth Fund plc announces that on 2 March 2000, the Company
purchased 275,899 shares for cancellation, at an average price of 148.41 pence
per share. Following the purchase, there are a further 212,368,713 shares in
issue.


Enquiries:

John Spedding
Schroder Investment Management Limited        Tel: [phone]