Purchase of Own Securities

Schroder UK Growth Fund PLC
19 July 2001

                                                                  19 July 2001



                     Purchase of Shares For Cancellation


Schroder UK Growth Fund plc announces that on 18 July 2001, the Company
purchased a total of 80,000 shares for cancellation at a price of 111.00 pence
per share. Following this purchase, there are a further 186,462,263 shares in
issue.

Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]