Purchase of Own Securities

Schroder UK Growth Fund PLC
22 June 2001



                                                                  22 June 2001


                     Purchase of Shares For Cancellation

Schroder UK Growth Fund plc announces that on 21 June 2001, the Company
purchased a total of 145,000 shares for cancellation at a price of 115.10
pence per share. Following this purchase, there are a further 188,460,263
shares in issue.


Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]