Purchase of Own Securities

Schroder UK Growth Fund PLC
16 February 2001


                    PURCHASE OF SHARES FOR CANCELLATION

Schroder UK Growth Fund plc announces that on 15 February 2001, the Company
purchased a total of 110,000 shares for cancellation at a price of 136.50 pence
per share. Following these purchases, there are a further 193,840,263 shares in
issue.



Enquiries: 

John Spedding
Schroder Investment Management Limited                  Tel: [phone]