Purchase of Own Securities

Schroder UK Growth Fund PLC
24 October 2000


                     PURCHASE OF SHARES FOR CANCELLATION

Schroder UK Growth Fund plc announces that on 23 October 2000, the Company
purchased 50,000 shares for cancellation, at a price of 140.50 pence per share.
Following the purchase, there are a further 199,445,263 shares in issue.

Enquiries:

John Spedding
Schroder Investment Management Limited     Tel: [phone]