Purchase of Own Securities

Schroder UK Growth Fund PLC
26 June 2001


                                                                  26 June 2001

                     Purchase of Shares For Cancellation

Schroder UK Growth Fund plc announces that on 25 June 2001, the Company
purchased a total of 73,000 shares for cancellation at a price of 115.10 pence
per share. Following this purchase, there are a further 188,137,263 shares in
issue.

Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]