Purchase of Own Securities

Schroder UK Growth Fund PLC
27 June 2000


                PURCHASE OF SHARES FOR CANCELLATION

Schroder UK Growth Fund plc announces that on 26 June 2000, the Company
purchased 67,859 shares for cancellation, at a price of 147.40 pence per share.
Following the purchase, there are a further 204,554,295 shares in issue.

Enquiries:
John Spedding 
Schroder Investment Management Limited     Tel:  [phone]